Greece sold more debt than it targeted at an auction on Tuesday and at lower cost, even as talks regarding a write down of the country's debt continue.
The debt agency PDMA placed EUR 812.5 million of 26-week Treasury bills against the auction target of EUR 625 million. The sale attracted bids totaling EUR 1.701 billion.
The yield on the 6-month paper declined to 4.86 percent from 4.90 in the previous auction on January 10. However, demand declined as the bid-to-cover ratio slid to 2.72 from 2.80.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.