Markets

Denmark sells 4.7bn DKK worth of t-bills at auction

Published March 14, 2018 Updated March 14, 2018 09:46am

The cut-off rate was -0.675 percent for the bills that mature in June 2018 and -0.650 percent for bills maturing in September 2018.

At its last auction on February 27, the bank sold t-bills worth 9.28 billion crowns.

The central bank has at times used T-bill auctions as one tool to control the exchange rate of the Danish crown, which is pegged to the euro, by declining bids when it has deemed the currency too strong.

Copyright Reuters, 2018