ZAGREB: Croatia's Treasury bill auction on Tuesday fell short of its billion-kuna target, with 779 million kuna ($113.34 million) sold at mixed yields, finance ministry data showed.
Some 1.2 billion kuna worth of bills mature later this week.
"The yields are rather low, while the market is now awaiting the new budget and the government's further borrowing plans which may bring more attractive yields through new bond issues," a dealer at a major local bank said.
The yield on the longest-maturity one-year bill remained flat at 0.99 percent, while that on the six-month paper fell five basis points to 0.45 percent.
There were no bids for the three-month bills. The government, which took office in January, is expected to adopt the 2016 budget on Thursday.
For the second straight week the finance ministry did not offer bills denominated in euros.
Croatia now has a total 19.5 billion kunas of local currency T-bills outstanding, down from 19.92 billion, plus 100.5 million euros of short-term debt denominated in the single currency.
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