Demand remains weak for Hungarys 12-month T-bills.

By bne IntelliNews April 13, 2012
Hungary's state debt manager AKK placed HUF 40bn (EUR 134.5mn) in twelve-month treasury bills at an auction on April 12, cutting the original offer by HUF 5mn, due to lower demand, the agency said. Investors submitted bids worth HUF 65.3bn, down from HUF 67.4bn at the previous auction a couple of weeks ago. The average yield stood at 7.66%, up by 10bpt from the previous auction and 6bps over the secondary benchmark fixing. The range of yields narrowed and varied between 7.59% and 7.72%.
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