The National Treasury Management Agency today sold €1 billion of 10-year bonds at a record low yield of 1.63% in its final bond auction of 2014.
This was well below the yield of 2.3% it paid at its last regular auction of similar debt in July.
Today's auction received 2.5 times more bids than the value of the paper on offer, the NTMA said in a statement.
The agency has now completed its €8 billion pre-funding target for 2015.
