CYPRUS: 13-week T-Bill yield drops to 2.18%

The Public Debt Management Office of the Ministry of Finance announced that Thursday’s 13 week Treasury Bills auction for €150 mln was oversubscribed and the average yield was 2.18%, lower than 2.47% at the previous auction on May 6.

However, the PDMO said a total amount of €171.5 mln were submitted, down from 200 mln in the previous auction and thus accepted bids for €144 mln.
The accepted yields ranged between 2.10% – 2.30%.
Yields in previous auctions for 13-week T-bills were 2.47% in May (€150 mln), 2.68% April (€200 mln) and 2.84% in March (€200 mln).