Greece sells 1.2 billion euros of 6-month T-bills, bid-to-cover 4.54

Discussion in 'Economics' started by ASusilovic, Sep 14, 2010.

  1. LONDON (MarketWatch) -- Greece's Public Debt Management Agency on Tuesday sold 1.17 billion euros ($1.51 billion) in 26-week Treasury bills as it launched its monthly program of short-dated debt auctions. Offers exceeded the amount sold by 4.54 times, up from a bid-to-cover ratio of 3.64 in a July auction. Borrowing costs rose, however, with the auction producing a uniform yield of 4.82%, up from 4.65% in July.