Yields fall at Belgian long-term debt auction

BRUSSELS: Belgium sold 3.2 billion euros ($3.63 billion) of long-term debt, with yields for the 10 and 15-year benchmark bonds falling.

The AA-rated sovereign said its 10-year benchmark June 2026 bond sold for a yield of 0.463 percent, down from 0.514 percent at the last auction in April.

The 15-year benchmark, maturing in June 2031, sold for a yield of 0.837 percent, down from the 0.998 percent in April.

The government also sold the non-benchmark June 2038 bond which yielded 1.141 percent.

Including Monday's auction, Belgium has now raised 24 billion euros or some 72 percent of its 33.5 billion funding target for 2016.