Yields fall further on Belgian treasury bills

BRUSSELS: Belgium sold 2.0 billion euros ($2.20 billion) of short-term debt at an auction on Tuesday, with yields falling for both maturities auctioned.

Three-month paper, the most regularly auctioned maturity, dropped to its lowest ever level of minus 0.238 percent from an earlier negative yield 0.211 percent at the last auction in late June.

Twelve-month treasury bills were sold for a negative yield of 0.179 percent, down from the negative 0.166 percent in June. Investors have paid, rather than received, interest for holding Belgian treasury bills for about a year.