Economy 20 November 2006, 12:53pm

Hungary sells HUF 30 bn 6-week bills, yield rises

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Hungary's Government Debt Management Agency (ÁKK) has received HUF 125.02 billion worth of bids on HUF 30 billion 6-week bills (D061227) at an auction on Monday and sold the entire amount on offer.

The 4.17x bid/cover ratio compares with 3.43x on the previous auction on 6 November.

The average yield was set to 8.14%, up 6 bps from the previous auction.

Accepted bids were between 7.98% and 8.20%.

Hungary sells HUF 30 bn 6-week bills, yield rises

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