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French yields drop at Treasury bill auction

Date: Monday 16 Jan 2012

French yields drop at Treasury bill auction

The French Treasury has today sold approximately €8.6bn in short term debt.
These are the details of the auction:

-4.503bn in 12-week T-Bills, with a bid/cover of 1.897 versus 1.72 before (yields fell to 0.165% from 0.167%).

-2.192bn in 25-week T-Bills, with a bid/cover of 2.053 versus 3.90 before (yields fell to 0.281% from 0.286%).

-€1.895bn in 51-week T-Bills, with a bid/cover of 2.108 versus 2.18 (yield 0.406% vs. Prev. 0.454%).

AB

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