Slovenia issues 72mn euros of T-bills, yields deeper into negative

• It sold 60 million euros of 18-month bills at a yield of minus 0.51pc, having paid minus 0.37pc at the last such auction in April.
• Slovenia sold 72 million euros ($79.08 million) of treasury bills at an auction on Tuesday.

LJUBLJANA: Slovenia sold 72 million euros ($79.08 million) of treasury bills at an auction on Tuesday, below an initial target of 180 million euros, at yields that moved further into negative territory, the finance ministry said.

It sold 60 million euros of 18-month bills at a yield of minus 0.51pc, having paid minus 0.37pc at the last such auction in April.

It also sold 12 million euros of three-month bills at a yield of minus 0.43pc versus minus 0.4pc in September.

Total bids amounted to 409 million euros. No further T-bill auctions are planned this year.

Analysts said negative yields reflect the expansive monetary policy of the European Central Bank, adding they could remain negative well into 2020.