Yields on Belgian 3-month treasuries at new low

BRUSSELS: Belgium sold 1.7 billion euros ($1.80 billion) of short-term debt at an auction of three- and 12-month treasury bills on Tuesday, with yields for the shortest maturity falling to new lows, the country's debt agency said.

Three-month paper, the most frequently auctioned maturity, fell to a fresh low of minus 0.789 percent from a previous yield of minus 0.751 percent. 12-month treasury bills sold for a yield of minus 0.683 percent, slightly up from the minus 0.703 percent at the last auction of this maturity in early November.

Belgium has received, rather than paid, interest on its short term borrowings for more than two years.