THE National Treasury Management Agency sold the target amount of bills for the lowest level since the 2010 bailout.
The NTMA, headed by John Corrigan completed an auction of Treasury Bills, selling the target amount of €500m.
Total bids received amounted to €1.822bn – 3.6 times the amount on offer. The three-month bills were sold at an annualised interest rate, or yield, of 0.129pc – the lowest level since the agency resumed auctions last July for the first time since the 2010 bailout. That compares to a yield of 0.195pc at the last such auction in April.