The National Treasury Management Agency has sold €500m of six month Treasury Bills at a yield of 0.04%. 

The NTMA said the auction drew bids for 3.75 times the amount on offer.

The debt agency extended the duration of its short term debt sales to six months after issuing three-month paper at a yield of 0% in September.

The NTMA, which has stuck to three-month auctions since resuming regular treasury bill sales in 2012, sold 15-year debt at a record low this month and is fully pre-funded to the end of 2015.