BUDAPEST: The Government Debt Management Agency (ÁKK) sold HUF 35 bln of discount three-month T-bills at auction today, in line with the original offer.
Primary dealers submitted bids of HUF 48.8 bln for the papers. Average yield was 0.96%, 9 bp over the secondary market benchmark, which matures about two week later, but just 1 bp over the yield at the previous auction of the bills one week earlier.