Ireland Sells Treasury Bills as Economy Shrinks Again
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Ireland auctioned 400 million euros ($533 million) of bills, as concern mounted that growth around Europe is slowing, making it harder for governments to cut their budget deficits.
The Dublin-based National Treasury Management Agency sold 300 million euros of securities due Feb. 14, 2011, at an average yield of 1.907 percent, compared with 1.925 percent at a Sept. 9 sale. The debt agency also sold 100 million euros of bills maturing April 18, 2011, at an average yield of 2.23 percent, up from 2.19 percent at the previous sale. Ireland sold less than the 500 million-euro maximum set for the sale.