NTMA sells €750 million in short-term debt at a negative yield

NTMA sells €750 million in short-term debt at a negative yield
The Treasury Bills, which have a maturity of six months, were sold at a yield of -0.49%. Picture:iStock

The National Treasury Management Agency (NTMA) has completed an auction of Irish Treasury Bills, selling the target amount of €750 million.

Total bids received amounted to €2.835 billion which was 3.8 times the amount on offer. The Treasury Bills, which have a maturity of six months, were sold at a yield of -0.49%. 

It means investors will be paid less when the bond matures than what they are paying right now.

Last week the NTMA raised €6 billion in long-term debt through the sale of a new 10-year Treasury Bond maturing in October 2030. The funds were raised at a yield of 0.285%.

The bands attracted orders of more than €66 billion included 400 individual accounts.

More on this topic

Coronavirus sees UK economy suffer largest fall since 1979 in first quarterCoronavirus sees UK economy suffer largest fall since 1979 in first quarter

Eddie Hobbs: There is no golden goose people. Just debt and the capacity to repay itEddie Hobbs: There is no golden goose people. Just debt and the capacity to repay it

Wirecard CEO quits as search for missing billions hits dead end in AsiaWirecard CEO quits as search for missing billions hits dead end in Asia

The economic impact of Covid-19 yet to fully materialise - CBI GovernorThe economic impact of Covid-19 yet to fully materialise - CBI Governor


More in this Section

Credit Unions to push new government for more reformsCredit Unions to push new government for more reforms

Investors spy an open goal with Italian soccer's reconstructionInvestors spy an open goal with Italian soccer's reconstruction

UK retail job losses: 24,000 and risingUK retail job losses: 24,000 and rising

Brian Keegan: Businesses approaching Brexit looking for opportunities may do well in the long runBrian Keegan: Businesses approaching Brexit looking for opportunities may do well in the long run


Lifestyle

On June 26, we sat outside the first bar to open here since lockdown began on March 15. There are only two bars in the valley. Cafes serve drinks, but these are bar-bars, the kind that stay open after midnight.Damien Enright: Fruit trees are laden with their bounty as we prepare to leave

In October 1986, 52 mute swans, living peacefully on the Tolka in Dublin, were drenched in diesel oil accidentally released into the river. Swan-catchers went into action; only one bird died before they reached it.Richard Collins: Human crisis will offer chance for wild animal research

It's a typically Irish summer’s day of sunshine and occasional showers. Travel restrictions have been eased again and we venture forth to one of nature’s gems, Gougane Barra, deep in the mountains of West Cork.Donal Hickey: Gougane Barra has peace and wildness

When the ferryman pulls away from the pier and the salty spray of the sea hits your face the feeling of release from the mainland is deeply pleasurable. Your island awaits. Whether for a day trip or a holiday, the lure of the islands is as magnetic as ever.The Islands of Ireland: The lure of the less-visited

More From The Irish Examiner