Hungary debt manager auctions off more short bills than planned

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Hungary’s Government Debt Management Agency (ÁKK) has allotted 50 billion forints worth of 3-month discount Treasury Bills at its weekly auction on Tuesday instead of the planned HUF 40 bn. The average yield remains a tad over zero percent.
The ÁKK has received HUF 75.6 bn worth of bids from primary dealers on a HUF 40 bn lot of 3-m T-bills today, of which it has accepted HUF 50 bn. The 0.1% average yield matches the average yield at the previous auction of the instrument a week ago and Monday’s secondary market benchmark fixing, as well.
 

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