The Public Debt Management Agency (PDMA) raised 400 million euros through today’s auction of 26-week treasury bills, with the yield settling at 2.24%.
According to the Agency’s announcement, total bids submitted amounted to 1,078 million euros, exceeding the amount offered by a factor of 2.70. The bid-to-cover ratio was slightly higher than in the previous corresponding auction on May 27, 2026, when it stood at 2.62 times.
The yield rose slightly compared to the previous auction, where it had stood at 2.21%. The weighted average price of today’s auction was 98.863, while the cut-off price was set at 98.835 with a cut-off ratio of 80%.
Bids up to the amount offered were accepted, as well as non-competitive bids totaling 100 million euros, bringing the total accepted amount to 500 million euros. As clarified, no additional non-competitive bids will be accepted on Thursday, June 25, 2026.
The auction was conducted through Primary Dealers, and the settlement date is Friday, June 26, 2026. It should be noted that no commission is charged during the auctions.