National Treasury Management Agency sells €3bn bond

The National Treasury Management Agency yesterday completed a large chunk of its whole year’s debt sales target by selling €3bn in a 10-year bond, at a yield of 1.156%.

Late last month, the country’s debt management agency set a funding target for 2016 of between €6bn to €10bn.

It is traditionally one of the first debt offices out of the blocks in the new year, and it said yesterday that global bond markets were favourable in January.