The National Treasury Management Agency has completed an auction of Irish Treasury Bills, selling the target amount of €500m.
The agency said that total bids for the T-bills amounted to 4.8 times the amount on offer - the highest level since it started issuing short-term paper again last July.
The bills were auctioned at an annual interest rate of 0.195%. The last such auction in February saw rates of 0.24%.
Last month, the NTMA also sold €5 billion worth of ten year bonds - a move which its chief executive described as ''particularly significant".
John Corrigan said last month that Ireland had "needed to get a ten year away" as those bonds are considered a flagship product in sovereign debt markets.
The yield on new ten-year bond was 4.15%, which Mr Corrigan described as a "very low yield".
A ten-year bond is seen in the sovereign debt market as the benchmark. Bonds with long maturities - ten years and longer - are attractive to pension funds and insurance companies, who tend to leave their money in the bonds longer, providing governments with a stable source of financing.
Shorter maturity bonds tend to be bought by bank treasury departments, and are subject to more volatile trading.
