The National Treasury Management Agency said today it has sold €500m of 12 month Treasury Bills.
The agency said it received total bids of €1.330 billion for the bills, which was 2.66 times the amount on offer.
The bills were sold at a yield of -0.43%.
The NTMA sold the same amount of 12-month paper in December at a yield of -0.42%.
Last week, the NTMA sold €1.25 billion in its second dual bond auction of the year.
€850m of the bonds carried a yield of 1.046% and will mature in 2026, while the remaining €400m will mature in 2045 with a yield of 2.187%.
Demand for both sets of bonds was considerably higher than the available supply.
With the completion of this latest auction, the NTMA has issued about €6.5 billion from its stated long-term target range of €9-€13 billion in the bond markets this year.
