The government recently sold €100m in treasury bills at an average yield of minus 0.22%, the Public Debt Management Office (PDMO) said.
The average yield rose by 5 basis points compared to the all-time low registered at the May 25, auction, the PDMO said in a statement on its website. The maximum yield was minus 0.20% and the lowest minus 0.24%.
The issue, with a subscription rate of 170%, comprised of €107m in competitive bids and €63m in non-competitive bids, the office said. It accepted €75m in competitive bids.
Source: Cyprus Mail
