Public debt agency places €723M in treasury bills at higher yields
€423 million in six-month BTs were placed at an average yield of 2.893%, against the 2.417% seen in the auction on 18 January.
Portugal on Wednesday placed €723 million in at six- and 12-month Treasury Bills (BTs), less than the maximum indicative amount announced before the operation, and at higher yields in both maturities compared to the previous comparable auctions, in January.
According to the public debt management agency, the IGCP, on its page on the Bloomberg system, €423 million in six-month BTs were placed at an average yield of 2.893%, against the 2.417% seen in the auction on 18 January.
For 12-month BTs, €300 million were placed at an average yield of 2.975%, also higher than the 2.725% rate registered in January for bills of that maturity.
Demand for six-month BTs this time totaled €1.126 billion, or 2.66 times the amount placed, and demand for 12-month BTs was €918 million, 3.06 times the amount placed.
The IGCP had announced two auctions of BTs with six- and 12-month maturities, with an indicative amount of between €500 million and €750 million.
In a statement, the institution specified that the BTs in question would mature on 22 September 2023 and 15 March 2024.
