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Yields fall at three-month T-bill auction

Yields fell at an auction of discount three-month T-bills by the Government Debt Management Agency (ÁKK) on Tuesday.

ÁKK sold HUF 40bn of the bills, the announced amount. Primary dealers bid for HUF 116.2bn.

Average yield was 6.23%, 7bp under both the secondary market benchmark and the yield at the previous auction of the bills one week earlier. Yields ranged between 6.10% and 6.25%.