The National Treasury Management Agency (NTMA) has sold €750 million in treasury bills at auction.

Total bids received in the auction amounted to €1.6 billion, which was 2.1 times the amount on offer.

The treasury bills, which have a maturity of six months, were sold at a yield of 0.58 per cent.

The agency sold an additional €1.5 billion of bonds, mainly at negative yields, last week, bringing to €22.75 billion the amount the NTMA has raised on the long-term debt markets prior to the latest auction.

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