CYPRUS: 13-week T-bill yields at all time low

The government issued 13-week Treasury Bills on Tuesday amounting to EUR 100 mln with the average yield dropping to 0.02%, the lowest level ever, the Finance Ministry’s Public Debt Management Office (PDMO) said in a statement.

 
The issuance was oversubscribed by four times, as total offers reached EUR 400 mln. According to the PDMO, the average weighted yield declined to 0.02%.
The accepted prices ranged between 99.9780 and 100.0050 with corresponding yields from -0.02% to 0.09%.
Of the total offers, EUR 215.5 mln were competitive and 184.5 mln non-competitive.