BUDAPEST: The Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of securities at auction today, as planned, Hungarian news agency MTI said. ÁKK sold HUF 40 bln of discount twelve-month T-bills. Primary dealers bid for HUF 97.2 BILLION of the papers.
Average yield was 1.55%, 5 bp over the secondary market benchmark, but level with the yield at the previous auction of the bills two weeks earlier. Yields ranged between 1.54% and 1.58%. ÁKK sold HUF 10 billion of three-year floating-rate bonds. Offers for the bonds came to HUF 18.2 billion.
