Finance Ministry issues 13-week T-bills amounting to €75 million with negative yield

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Cyprus issued 13-week Treasury Bills amounting to €75 million with a negative yield of 0.10%, the Finance Ministry’s Public Debt Management Office (PDMO) announced on Monday.According to a PDMO press release, the auction’s bid to cover ratio reached 185% as offers amounted to 139 million compared to the auction’s announced amount of €75 million. The accepted yields ranged between -0.12% and -0.09% with the weighted average yield amounting to —0.10%, the PDMO said. The competitive offers amounted to €115 million while non-competitive …

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