Belgian yields dip in short-term debt auction

BRUSSELS: Belgium has sold 1.76 billion euros ($2.18 billion) of short-term debt, with yields falling on the most frequently auctioned maturity, the country's debt agency said on Tuesday.

Average yields on three-month paper fell to a negative 0.588 percent from a negative 0.570 percent last week.

Paper expiring in 12 months also dropped slightly to a negative 0.548 percent from the minus 0.546 percent average yield in an auction early in January.

Investors have paid rather than received interest on holding Belgium's short-term borrowings for more than three years.