Negative yields stay as government sells €100m in t-bills

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By Stelios Orphanides

Yields remained unchanged at minus 0.05 per cent on Monday when the government auctioned €100m in 13-weeks treasury bills, the Public Debt Management Office (PDMO) said.

The issue was almost twice oversubscribed, the PDMO, a division of the finance ministry, said in a statement on its website.

The average weighted yield of total bids was minus 0.035 per cent, the PDMO said. The lowest bid had a yield of minus 0.1 per cent and the highest 0 per cent.

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About Author

Stelios Orphanides is a journalist at CyprusBusinessMail.com. To contact Stelios Orphanides: [email protected]

  • Jeremy Rigg

    This strikes me as a very successful money maundering operation. Perhaps I’m just being suspicious.

  • Bystander

    Who is buying negative yield obligations? Is it some sort of super-patriotic move or ‘something in exchange for something’?