Greek T-bill auction yields negative interest rate

Thursday, 01 October 2020 00:33
REUTERS/Dado Ruvic
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Greece's Public Debt Management Agency drained 487.5 million euros from the markets on Wednesday via a latest auction of 26-week T-bills at a uniform yield of -0.10 percent - an eyebrow-raising development.

The issue initially aimed for T-bills worth 375 million euros, with total bids reaching 1.313 billion euros.

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