Belgian short-term debt yields hit new record low at auction

BRUSSELS: Belgium sold 1.921 billion euros ($2.19 billion) of short-term debt on Tuesday, with yields on three-month and one-year treasury bills falling further below zero to new record lows, the country's debt agency said.

Three-month paper sold for a negative yield of 0.505 percent, down from the minus 0.488 percent at the most recent auction last week.

Investors also paid, rather than received, interest on one-year paper, with yields falling to minus 0.490 percent from the negative 0.456 percent in April.

The AA-rated sovereign starting issuing short-term debt at negative yields in mid-2014.

The 1.92 billion euros raised is in the middle of the 1.7 to 2.1 billion euro range the debt agency had set for this auction.