Hungary debt manager cuts short bill auction over poor demand

Portfolio
Hungary’s Government Debt Management Agency (ÁKK) allotted 25 billion forints worth of 3-month discount Treasury Bills at its weekly auction on Tuesday instead of the planned HUF 30 bn. The average yield was the same as a week ago.
Primary dealers have submitted HUF 46.8 bn worth of bids on a HUF 30 bn lot of 3-m T-bills at today’s auction, of which the ÁKK has accepted HUF 25 bn. The average yield was set to 0.05%, the same as a week ago.

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