Portugal auction results: sold E2.5bn vs target E2bn-E2.5bn

Market news

18 January 2012

Portugal auction results: sold E2.5bn vs target E2bn-E2.5bn

E496mln of 3-month T-bill;avg yield 4.346% (4.346%), cover 4.1 (2.4);
E754mln of 6-month T-bill;avg yield 4.74%, cover 3.0;
E1.25bln of 11-month T-bill;avg yield 4.986%, cover 2.1.

Germany sold E3.44bln of its 2-year Schatz. Average yield 0.17% (0.29%), covered 2.2 (1.4).

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