Romania Sells RON1.27B 6-Month Bills At 5.87% Average Yield
Romania’s Finance Ministry on Monday sold six-month treasury bills worth 1.27 billion lei (EUR292 million), more than triple the planned amount, while the average yield fell to 5.87% a year.
The yield fell below 6% a year for the first time since April 2010.
The ministry planned to sell debt worth RON300 million at Monday’s auction. Banks offered RON1.73 billion, but the ministry rejected all yields above 6% a year, central bank data showed.
At the previous similar auction November 14, the ministry sold roughly RON1.4 billion in six-month paper at an annual yield of 6.51%.
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