Stable demand, yields ease on Hungary's six-week liquidity bills.

By bne IntelliNews April 19, 2011
The average yield on Hungary's six-week discount liquidity bills inched down to 5.92%, being 4bp below the yields at the last auction two weeks ago, and 7bp above the closest secondary market benchmark, the state debt manager reported. The authority placed the initially planned amount of HUF 50bn (EUR 187.1mn) in treasury bills, after raising the original offer by HUF 10bn at the previous auctions. Primary dealers bid for HUF 165.42bn, keeping demand almost unchanged. The offered yields continued to ease, varying 5.89% and 5.96%, compared to a range of 5.93%-5.97%, accepted before.
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