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Quarterly Bulletin- No.18: 3rd Quarter 2015
The weighted average yield in the 13-week Treasury Bill auctions recorded a decline to 1,87% at the end of the third quarter from 2,31% at the end of the previous quarter. The bid-to-cover ratio in recorded an increase to about 2,5 by September from about 1,4 in the previous quarter. Additionally, the 30-day auction in September yielded 1,31%. In total the outstanding stock of Treasury Bills declined from €736 million at the end of the second quarter to €444 million by the end of September. [...]