Swedish central bank buys government bonds in reverse auction

STOCKHOLM: Sweden's central bank bought 1 billion Swedish crowns ($119.31 million) of government bonds in a reverse auction as part of its quantitative easing programme, it said on Thursday.

It bought 500 million crowns of 2020 bonds at an average yield of -0.536 percent and the same amount of 2023 bonds at 0.082 percent.

Investors offered to sell the Riksbank 3.9 billion crowns and 3.1 billion crowns in the two bonds respectively.