Yield on treasury bill sale slightly higher, €1.25B auctioned
According to the Treasury and Public Debt Management Agency (IGCP), Portugal on Wednesday auctioned €1.25 billion in three and 11-month Treasury Bills.
Portugal on Wednesday auctioned €1.25 billion, equal to the maximum amount announced, in three and 11-month Treasury Bills at slightly higher yields than previous auctions on April 21, it was announced.
According to the page of the Treasury and Public Debt Management Agency (IGCP) on the Bloomberg agency, at 11 months €750 million were auctioned in Treasury Bills at an average yield of -0.550%, higher than that recorded on April 21, when €800 million went at an average interest rate of -0.558%.
Today, 500 million euros were placed in BT at an average yield of -0.592%, also higher than on April 21st, when €450 million were placed at -0.599%.
The demand reached €1.605 billion for 11-month Treasury Bills, 2.14 times the amount placed, and €1.355 billion for three-month Treasury Bills, 2.71 times the amount placed.
IGCP had announced for today two BT auctions with maturities on 17 September 2021 (three months) and 20 May 2022 (11 months), with a global indicative amount between €1 and €1.25 billion.
