Yields fall at Belgian T-bill auction, 12-month at record low

BRUSSELS: Belgium raised 1.796 billion euros ($1.98 billion) of short-term debt at an auction on Tuesday, with yields falling further below zero.

Three-month treasury bills, the most frequently auctioned maturity, sold for a yield of minus 0.750 percent, down from the minus 0.741 percent at the most recent auction a week earlier, but just short of the record low of minus 0.754 percent set at the start of October.

Twelve-month paper dropped to a new record low yield of minus 0.703 percent from the negative 0.640 percent a month ago. Belgium has earned, rather than paid, interest on its short-term borrowings for some two years. ($1 = 0.9053 euros) (Reporting By Philip Blenkinsop)-Reuters