CYPRUS: 13-week T-Bill oversubscribed, yield drops to 2.68%

The Public Debt Management Office of the Ministry of Finance announces that Thursday’s 13 week Treasury Bills auction for €200 mln was oversubscribed and the average yield was 2.68%, lower than 2.84% at the previous auction on March 3.
The PDMO said a total amount of €286.6 mln were submitted, down from the previous auction that had received bids of €321.7 mln.
The accepted yields ranged between 2.40% – 2.75%, compared to 2.50-2.95% in the previous round.