The average weighted yield on the government securities came in at 3.94%, higher than 2.16% achieved at the previous auction of two-year T-notes held in March 2023, the finance ministry said in a data release.
The government securities will mature on April 19, 2024.
Details follow:
Auction date | April 18 '24 | March 10 ‘23 |
Amount offered (mln euro) | 20 | 30 |
Amount sold (mln euro) | 14.97 | 17.25 |
Total bids placed (mln euro) | 16.47 | 36.50 |
Bid-to-cover ratio | 1.1 | 2.12 |
Average weighted yield | 3.94% | 2.16% |
Coupon rate | 3.9% | 2.10% |
($=0.938 euro)