Yield on Bulgaria's 2-yr T-notes Falls to Historical Record Low of 2.11%

Yield on Bulgaria's 2-yr T-notes Falls to Historical Record Low of 2.11%

The average weighted annual yield on Bulgaria's two-year Treasury notes fell to 2.11%, a historical low on Bulgarian interest-bearing government bonds, the finance ministry said.

At the previous two-year T-note action held in February the yield was 2.36%.

The finance ministry sold 35 million levs ($23.8 million/17.9 million euro) worth of two-year T-notes, as 70% of them were purchased by local banks, the ministry said in a statement on Tuesday.

Dealers placed bids for 92.6 million levs worth of debt paper, the Bulgarian central bank, which auctions government securities on behalf of the finance ministry, said in a statement on its website.

The average weighted price of the approved bids was 100.27 levs per 100.0 levs of par value. The maximum annual yield was 2.14% and the minimum was 2.01%.

The T-notes mature on February 8, 2014. This was its second reopening so far this year.

 

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