Romania sells less 5-month T-bills than planned

Debt managers, who had planned to sell 800 million lei, issued six-month paper in September at an average yield of 0.42 percent, and one-year bills in November at 0.84 percent.

Since then, US Federal Reserve signals of faster interest rate hikes have weighed on emerging European assets. A Dec. 11 parliamentary election in Romania has also raised uncertainty over 2017 fiscal targets. Debt managers have sold less debt than planned, even scrapping tenders since early November.

So far this year, the ministry has sold just over 45 billion lei and 775 million euros worth of domestic bonds. It has tapped 3.25 billion euros worth of 10-, 12- and 20-year eurobonds.