Cyprus reports strong demand in 13-week treasury bills auction
Nicosia, Cyprus. The Finance Ministry’s Public Debt Management Office announced the results of a 13-week treasury bills auction, reporting strong investor interest. Total bids reached €46.85 million, while accepted offers amounted to €21.6 million in nominal value.
Auction results and yields
The office said the accepted bids were issued at a weighted average yield of 2.03 per cent. Accepted yields ranged between 2.00 per cent and 2.05 per cent, reflecting stable market conditions.
Demand for short-term government debt
The auction outcome highlighted continued demand for short-term government debt despite tighter financial conditions. It also reflected the state’s ongoing strategy to manage short-term funding needs through regular treasury bill issuance.
Investor confidence
The results pointed to steady investor confidence in Cyprus government securities at the short end of the yield curve.
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