NTMA announces bill auction
Ireland is continuing its re-entry into credit markets, laying out plans today for a second sale of treasury bills within three months.
The National Treasury Management Agency today said it plans to sell €500 million of three-month treasury bills on September 13, according to an e-mail statement.
The NTMA sold €500 million of three-month bills at a yield of 1.80 per cent on July 5.
Irish bond yields have fallen since European Union leaders agreed on June 29 to examine the Irish financial sector "with a view to further improving the sustainability of the well-performing adjustment program."
The yield on the benchmark October 2020 bond stood at 5.62 per cent today, having fallen from 7.13 per cent just before the June gathering of euro-area leaders.