Government debt

Yield on auctioned Greek T-bills rises to 3.2%

The Public Debt Management Agency announced on Wednesday it auctioned 13-week treasury bills and raised 812.5 million euros, reaching up to €1 billion with the inclusion of non-competitive bids on Thursday.

Bids totaled €1.279 billion and the coverage ration was 2.05.

The uniform yield reached 3.20%, up from 3.04% in the previous such auction on April 5.

New rules to be more flexible

The new financial rules proposed by the European Commission on Wednesday put Greece and the rest of the European Union in a new framework of fiscal discipline as of 2025, with greater flexibility in terms of the rate of reduction of public debt compared to the existing rules, along with reform requirements.