CYPRUS: No appetite for 30-day T-bills

The Public Debt Management Office (PDMO) of the Ministry of Finance said that it decided not to accept any tenders for Monday’s 30 day Treasury Bills Auction, with only €12.62 mln were submitted instead of the auction target of €50 mln.
Despite the lack of appetite from investors, the weighted average yield of the bids submitted was 1.91%.