Lower yields for short- and long-term borrowing boost Athens

EconomyMacroeconomy Tags: Debt
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

There was a promising start to May for Greece’s debt management agency (PDMA) as interest in its T-Bills rose and borrowing costs dropped in the two issues it auctioned successfully on May 2 and May 9 via 13- and 26-week notes respectively.

At the start of the month, it auctioned a 26-week T-bill for 875 million euros. It received total bids of 2.49 billion euros, including 392 million of non-competitive bids, taking the coverage ratio to 2.84. The total amount accepted was 1.14 billion eu...

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