The Ministry of Public Finance (MFP) yesterday sold Treasury bills maturing in 6 months, worth RON 600 M – exactly the planned sum – at an average yield of 6.55 pc a year, Mediafax reports. The yield is slightly higher than that paid at the end of January, during an auction with a quite similar maturity interval, when the Treasury borrowed from banks RON 1 bln at an average annual yield of 6.28 pc. During Monday’s auction, the maximum offered yield was 6.79 pc a year. For February, MFP scheduled six auctions in which it plans to sell T-bills worth a total RON 5.4 bln. The sum is 22 pc under January’s level of RON 6.92 bln.
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