€1.251 auctioned in three, 11-month debt
The demand in this Wednesday's issue reached €1.695 million for 11-month debt, 2.12 times the amount placed, and €1.379 million for three-month debt, 3.06 times the amount placed.
Portugal auctioned €1.251 million, above the maximum amount announced, in three and 11-month Treasury Bills (BT), at negative interest rates, lower in the shorter term and rising in the longer term.
According to the page of the Treasury and Public Debt Management Agency (IGCP) on the Bloomberg agency, at 11 months €800 million were placed in T bills at an average interest rate of -0.314%, higher than that recorded on February 16, when €958 million were placed at an average yield of -0.555%.
€451 million were auctioned on Wednesday in 3-month debt at an average yield of -0.655%, lower than that recorded on 16 February, when €292 million was auctioned at -0.610%.
The demand in Wednesday’s issue reached €1.695 million for 11-month debt, 2.12 times the amount placed, and €1.379 million for three-month debt, 3.06 times the amount placed.
IGCP had announced for today two BT auctions with maturities on July 22 2022 (three months) and March 17 2023 (11 months).
Today’s auctions are the second T-bill auctions of this year with these maturities after the IGCP cancelled two other auctions of three and 11 months scheduled for August 18 last year and only held one BT auction of twelve months in the second half of 2021.
