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Ireland sells €500m of T-bills at a higher rate than last month

Total bids received amounted to €1.46 billion which was 2.9 times the amount on offer.

Image: Mark Stedman/Photocall Ireland

THE NATIONAL TREASURY Management Agency (NTMA) has completed an auction of Irish Treasury Bills, selling the target amount of €500 million.

Total bids received amounted to €1.46 billion which was 2.9 times the amount on offer.

The Treasury Bills, which have a maturity of three months, were sold at an annualised yield of 0.20 per cent – higher than the 0.12 per cent they got for the bonds sold in May and similar to the 0.19 per cent rate they received for T-bills in April.

Related: NTMA to sell €500m of T-bills at auction this week>

More: NTMA launches State Savings products>

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