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NTMA sells €500m of Treasury Bills in auction

The Treasury bills sold today will mature in June 2020
The Treasury bills sold today will mature in June 2020

The National Treasury Management Agency has today sold €500m of Irish Treasury Bills at an auction - meeting its target amount.

The Treasury bills will mature in June 2020.

The NTMA said that total bids at today's auction amounted to €1.525 billion, which was over three times the amount on offer. 

The Treasury Bills, which have a maturity of 11 months, were sold at a yield of -0.54%.

Last month, the NTMA sold €1 billion of 10-year bonds at a record low yield of 0.297%.

The NTMA has raised €10.25 billion of its targeted €14-18 billion of long-term debt issuance this year.