3-month T-bill oversubscribed at auction, yield up slightly

Portfolio
The Government Debt Management Agency (ÁKK) has received HUF 67 billion worth of bids on HUF 35 billion worth of 3-month discount treasury bills auctioned off on Tuesday.
The average yield came in at 11.40%, compared to 11.38% on the fixed income market on Monday and also up from the 11.18% average yield achieved at the previous auction a week ago.
 

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