Following the International Monetary Fund (IMF) announcement of halting talks with the Hungarian government, Hungary's government auction for treasury bills failed to meet its target where the government managed to sell 35 billion forint ($156 million) of three-month treasury bills, missing the target set for today's auction by 10 billion forint.

The failure to meet its target comes as interest rates on bills inclined to 5.47 percent, compared with last week's rate of 5.28 percent.