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Yields rise at twelve-month T-bill auction

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

ÁKK sold HUF 50 billion of the bills, the announced amount. Primary dealers submitted bids for HUF 136.4 billion.

Average yield at the auction was 5.94%, 17bp over the secondary market benchmark and 23bp higher than the yield at the previous auction two weeks earlier. Yields ranged between 5.82% and 5.99%.