Markets

Hungary sells 8-week bills, yield drops

Published November 2, 2015 Updated November 2, 2015 11:56am

1 min

By Shoaib Ur Rehman

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BUDAPEST: The Hungarian Government Debt Management Agency (AKK) sold 14 billion forints ($49.47 million) of 8-week Treasury bills at an auction on Monday, cutting back its offer of 20 billion, it said on its page.

The bills, which serve as a short-term liquidity instrument for the AKK, were last auctioned on January 12. The average yield was 1.06 percent.

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