ECONOMY

T-bill yield drops to 0.5 pct in latest auction

t-bill-yield-drops-to-0-5-pct-in-latest-auction

Greece has auctioned 13-week treasury bills of a total value of 812.5 million euros, the country’s Public Debt Management Agency (PDMA) announced on Wednesday.

The bills were sold at a 0.5 percent yield, down from 0.67 percent in the last similar auction on January 9 this year, according to an e-mailed PDMA press statement.

Since 2010, when debt-ridden Greece was shut out of international markets, the PDMA has been selling mainly three-month and six-month treasury bills each month to help with the country’s financing needs.

[Xinhua]