Romania sells RON 500 mln in six-month treasury bills

Romania sold a planned RON 500 million (USD 154.23 million) worth of six-month treasury bills on Thursday, with the average accepted yield at 2.07 percent, central bank data showed.

Debt managers last sold six-month paper in April, at an average yield of 2.73 percent.

Emerging European debt yields have rallied in recent months, driven by investors’ appetite for higher-yielding assets. In Romania, low inflation and strong market liquidity have helped push debt yields near record lows in recent weeks. Finances observed a growing interest in t-bills, which helped the national coin strengthen against the euro.

So far this year, Romania sold just under 23 billion lei and 700 milion euros in domestic debt tenders.

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