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Business & Finance

Swedish central bank buys 1.0bn SEK government bonds

Published March 22, 2018 Updated March 22, 2018 01:50pm
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By Shoaib Ur RehmanReuters
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STOCKHOLM: Sweden's central bank bought 1.0 billion crowns ($122.34 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 -0.469 percent and the same amount of 2025 bonds at 0.361 percent.

Investors offered to sell the Riksbank 850 million crowns and 950 million crowns in the two bonds respectively.

 

Copyright Reuters, 2018

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