€500m of short-term debt auctioned

The NTMA has auctioned another €500m worth of short-term government debt, albeit at a marginally smaller interest rate.

The latest NTMA sale of three-month treasury bills — the agency’s eighth such auction this year — was linked with an annualised yield of 0.18%, slightly down on the 0.2% rate that bills were sold at in auctions in June and July.

May’s ‘T-bill’ auction drew a yield of nearly 0.13%, which was the lowest since these auctions were resumed in Jul 2012.