Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs

Economy Tags: Debt, Markets
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The positive mood in Greece’s public debt market is showing no signs of letting up and was again reflected in the auction of 26-week T-bills that took place on Wednesday.

Greece’s Public Debt Management Agency (PDMA) auctioned 625 million euros and was offered more than 1.5 billion, including 221 million of non-competive bids, covering the issue by 2.51 times.

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