Hungary sells 3-m T-bills at low yield

Portfolio
Hungary’s Government Debt Management Agency (ÁKK) has allotted HUF 40 bn worth of 3-month discount Treasury Bills at its weekly auction on Tuesday, as originally planned. The average yield remains a tad over zero percent.
The ÁKK has received HUF 84.3 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 40 bn. The 0.09% average yield represents a single basis point drop from last week's auction.

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