The government sold a total of €100m in 13-week treasury bills at an average yield of 0.01% below zero, which is a new all-time low, the Public Debt Management Office (PDMO) said.
Subscriptions to the issue reached €324m, with competitive subscriptions reaching €209m, the PDMO said in a statement on its website on Monday. The bid with the highest yield had a rate of 0% while that with the lowest was -0.06%.
On January 3, the last time the government issued this type of security, it sold €100m at an average yield of 0.02%.
Source: Cyprus Mail
