Yields fall further for Belgian 12-month treasuries

BRUSSELS: Belgium raised 2.6 billion euros ($2.91 billion) of short-term debt at an auction of 12- and three-month bonds, with yields for the longer maturity falling further below zero, the country's debt agency said on Tuesday.

One-year paper, which last auctioned for a yield of -0.374 percent in January, fell to -0.423 percent.

Three-month treasury bills, the most regularly auctioned maturity, were sold for a yield of -0.374 percent, broadly unchanged from the -0.379 percent previously.

Belgium has received, rather than paid interest on its short-term borrowings for some 18 months.

The amount raised was at the top of the 2.2 to 2.6 billion euros range the agency had set earlier.