Are you sure?

Yields steady at three-month bond auction

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

The ÁKK sold HUF 50 billion of the bills, the announced amount. Primary dealers bid to buy HUF 143.5 billion.

Average yield was 5.72%, just 3bp under the yield at the previous auction of the bills a week earlier. The yield was 8bp lower than the secondary market benchmark which matures three weeks later than the bill offered. Yields ranged between 5.68% and 5.75%.