The National Treasury Management Agency today completed an auction of Irish Treasury Bills, selling the target amount of €500m. 

The NTMA said that total bids for the  bills amounted to €1.245 billion which was two and a half times the amount on offer. 

The Treasury Bills, which have a maturity of five months, were sold at a yield of -0.39%.

Earlier this month, the NTMA sold €1 billion of nine-year debt at a yield of -0.156%. 

This compares with the yield of -0.051% paid at the last regular auction of the same bond in September, when the NTMA sold the same amount of debt. 

Ireland has now raised €5 billion of the €10-14 billion worth of bonds it plans to issue in 2020.