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LJUBLJANA: Slovenia sold 145 million euros ($162.89 million) of treasury bills on Tuesday, close to an earlier target of 140 million euros, with yields slightly higher than at previous auctions, the Finance Ministry said in a report.

It sold 50 million euros of 12-month bills at a yield of minus 0.37pc versus minus 0.39pc at the last auction of such bills in March.

It also sold 55 million of six-month bills at a yield of minus 0.37pc versus minus 0.39pc in April, while the yield for 3-month bills reached minus 0.38pc compared to minus 0.4pc last month.

Total bids amounted to 225 million euros.

The next T-bill auction is due on June 11.

Analysts expect yields to remain negative in the coming months, mainly due to low interest rates set by the European Central Bank.

Copyright Reuters, 2019

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