Yields ease on Hungarys 12-month bills on strong demand.

By bne IntelliNews January 21, 2011
Yields eased to an average of 5.99% at the January 20 auction of HUF 50bn of twelve-month treasury bills, the state debt manager said on its website. Primary dealers bid for HUF 113.7bn with yields ranging from 5.89% to 6.04%. The achieved average yield is 1bp below the January 19 secondary market benchmark and 17bps below the yield from the auction two weeks earlier.

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