Yields fall at Belgian long-term debt auction

BRUSSELS: Belgium sold 2.501 billion euros ($2.72 billion) of medium and long term debt at an auction on Monday, with yields for the closely watched 10-year benchmark falling, the country's debt agency said.

Yields on the 10-year benchmark dropped to 0.777 percent from 0.933 percent at the last auction of this maturity on March.

Belgium also sold a non-benchmark Oct 2023 bond which yielded 0.117 percent.

With two auctions and two syndicated sales, the sovereign has now sold 53 percent of its 35 billion euros target for 2017.

The agency had set a range of 1.8 to 2.5 billion euros ahead of Monday's auction.