Yields rise at Belgian short-term debt auction

BRUSSELS: Belgium sold 1.538 billion euros ($1.68 billion) of short-term debt at an auction of three and six-month treasury bills on Tuesday, the country's debt agency said, with yields rising for both maturities auctioned.

Yields for three-month paper, the maturity offered at every Belgian short-term auction, rose to -0.594 percent from a negative 0.652 percent in April.

For six-month treasury bills, last sold in early April, yields also increased to -0.594 percent from a negative 0.637 percent previously.

Belgium's government bonds are trading at negative yields, meaning the sovereign receives rather than pays interest on its borrowings, for maturities up to six years, according to Thomson Reuters data.