Yields dropped marginally to minus 0.05% when the government auctioned €100m in 13-weeks treasury bills, the Public Debt Management Office (PDMO) said.
The issue was 89% oversubscribed and competitive bids amounted to €131m and non-competitive bids to €58m, the Finance Ministry’s PDMO said in a statement on its website.
On May 29, the government auctioned €100m of this type of security at an average yield of minus 0.04%, up 4 basis points compared to the April 3 auction in which yields dropped to an all-time low.
Source: Cyprus Mail
