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Three-Month Greek Treasury Bills Sold Today

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Today, the Greek debt firm PDMA announced the nation's three-month treasury bill sale, that amounted to 1.625 billion euros.

The treasury bills were set at a 1.75% yield, marking downwards of 5 points since June, which held 1.80%, according to ekathimerini. This yield is the cheapest funding price since January 2010, when three-month treasury bills were 1.67%.

The current auction's bid-cover ratio was 2.35, in comparison to the prior sale that held 2.99. Today's purchase generated non-competitive bids for 375 million euros. July 18th is the settlement day for today's sale. According to Reuters, Athens consistently refinances its treasury bills that are worth approximately 15 billion euros.