NTMA to sell €500m in bills

Ireland is moving closer to re-entry into credit markets, laying out plans today for a third sale of treasury bills.

The National Treasury Management Agency today said it plans to sell €500 million of three-month treasury bills on October 18.

Last month, the NTMA sold €500 million worth of treasury bills due December 17 at a yield of 0.7 per cent

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."