Germany Raises EUR 3.01 Bln From T-Bill Sale

Germany Raises EUR 3.01 Bln From T-Bill Sale




Germany saw the yield on its 6-month debt rise at an auction on Monday.
The country raised EUR 3.010 billion from the sale of a new line of 6-month Treasury Bills or Bubills maturing on August, Bundesbank said. The auction attracted bids totaling EUR 4.535 billion.
The yield on the 6-month debt was 0.0761 percent, while the yield on a security of similar maturity was -0.0122 percent in a sale on January 9. The bid-to-cover ratio was 1.5, less than the 1.8 in the previous auction.
The debt auction came just a day after the Greek Parliament passed a highly unpopular package of austerity measures amid nationwide protests. This paved the way for its international creditors to release EUR 130 billion in aid to the troubled euro member.


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