NTMA sells €750m of Irish Treasury Bills at negative interest rate
The National Treasury Management Agency today held an auction of Irish Treasury Bills and sold the target amount of €750m.
The NTMA said that total bids received amounted to €3.71 billion which was nearly five times the amount on offer.
The Treasury Bills, which have a maturity of five months, were sold at a yield of -0.43%.
Last week, the NTMA sold €1.5 billion of nine and 30 year bonds with yields of 0.043% and 0.792% respectively.
The NTMA last month revised its 2020 funding target of €20-24 billion, up from the €10-14 billion envisaged before the crisis.
It has now issued €12.5 billion worth of bonds so far this year.
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