Cyprus Mail
Business Cyprus

Yields rise to -0.04% as PDMO sells 13-weeks t-bills

The government sold a total of €100m in 13-weeks treasury bills on Tuesday at an average rate of 0.04 per cent in the negative area, slightly higher compared to the previous auction, the Public Debt Management Office said.

The issue was 95 per cent oversubscribed with competitive bids amounting to €75m, the PDMO, a division of the finance ministry, said in an emailed statement on Tuesday.

On April 3, the government sold €100m of this type of security with an average yield of minus 0.08 per cent, which was an all-time low.

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