Belgium raises 985mn euros in short-term debt auction

BRUSSELS: Belgium raised 985 million euros ($1.17 billion) in this year's penultimate auction of treasury certificates on Tuesday, with the yield for the benchmark three-month bills dropping, the debt agency said.

The average yield on three-month treasury bills, the most frequently auctioned maturity, fell to a negative 0.753 percent from a negative 0.728 percent at an auction last month.

For six-month paper, last auctioned on Oct 31 at a negative yield of 0.687 percent, the yield dropped to a negative 0.741 percent.

Belgium has received, rather than paid, interest on most of its short-term borrowings for some three years.

Belgium's debt agency had set a target range of 0.8-1.2 billion euros for Tuesday's sale. The agency plans one more auction next week, the last of the year.

Further details of the latest auction can be found by double clicking within the brackets.