The National Treasury Management Agency will auction €500m worth of six month Treasury Bills on Thursday.

The sale will be the agency’s second entry into the market so far this year, following the successful auction of €4bn worth of seven year Treasury Bonds at the start of the month.

The NTMA’s last Treasury Bill sale in November 2014 achieved a yield of 0.04% and was 3.75 times over-subscribed.

Previous to that sale the agency had offered bills with a three month maturity, however this was increased following the auction of bills at a 0% yield in September 2014.