The National Treasury Management Agency (NTMA) has completed an auction of €500 million in Irish Treasury bills.
Total bids received amounted to €1.822 billion which was 3.6 times the amount on offer. The Treasury bills, which have a maturity of three months, were sold at an annualised yield of 0.129 per cent. An NTMA spokesman confirmed that this was a record low.
In April, the NTMA sold €500 million Treasury bills at a yield of 0.195 per...
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