The country auctioned €1.75 billion in Treasury Bills (T-bills) on Wednesday at six and 12 months, with yields rising in both maturities.
Portugal auctioned €1.75 billion in Treasury Bills on Wednesday, the maximum indicative amount, at six and 12 months, with yields rising in both maturities compared to previous comparable auctions, it announced.
According to the page of the public debt agency, the IGCP on the Bloomberg agency, in T-bills maturing on March 17 2023 (12 months) €1.25 billion were auctioned at an average yield of -0.467%, higher than the -0.574%, recorded on January 19, when €1.005 billion were auctioned.
Demand for 12-month T-bills reached €1.91 billion, 1.53 times the amount auctioned.
In the shorter term, of six months, €500 million were auctioned today at an average yield of -0.571%, higher than the -0.596% on January 19, when €495 million were placed in T-bills with the same maturity.
Demand stood at €1.3 billion, 2.60 times the amount placed.
IGCP had announced that it would hold this Wednesday’s auctions of Treasury Bills with maturities of September 23 2022 (six months) and March 17 2023 (12 months), with a total indicative amount of between €1.5 and €1.75 billion.