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Yields rise at three-month T-bill auction

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

ÁKK sold HUF 50 billion of the bills, the announced amount. Primary dealers submitted offers for HUF 101.8 billion.

Average yield at the auction was 5.94%, 16bp over the secondary market benchmark and 25bp higher than the yield at the previous auction of the bills one week earlier. Yields ranged between 5.69% and 6.00%.