Economy 29 August 2006, 3:04pm

Hungary ÁKK cuts 3-month T-bill auction by HUF 10 bn due to poor demand

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Hungary's Government Debt Management Agency (ÁKK) has received HUF 47.4 billion worth of bids on HUF 40 billion 3-month treasury bills (D061206) at an auction on Tuesday and decided to sell HUF 10 billion less of the instrument than originally planned.

The average yield was set to 7.76%, up 16 bps from Monday's benchmark fixing (of series D061220) and also up 32 bps from the previous auction a week ago.

Accepted bids were between 7.52% and 7.85%.

Hungary ÁKK cuts 3-month T-bill auction by HUF 10 bn due to poor demand

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Hungary ÁKK cuts 3-month T-bill auction by HUF 10 bn due to poor demand

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