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ÁKK to offer HUF 50 bln “liquidity bills” at auction on Monday

The Government Debt Management Agency (ÁKK) said it will offer HUF 50 billion of discount “liquidity” T-bills at an auction on February 14, Monday.

ÁKK will reoffer bills expiring on March 30 at the auction.

The offer is unchanged from the last auction on February 7 where ÁKK sold the announced HUF 50 billion bills maturing on March 23 at an average yield of 5.98% in more than two-fold oversubscription. Both demand and yields rose from the previous auction held on January 24.

The three-month secondary market benchmark yield, calculated on a bill series due on June 1, was 5.85% on Tuesday.

ÁKK auctions liquidity bills, of about six weeks to maturity on a case by case basis, depending on liquidity management considerations. (MTI – Econews)