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Big demand for Irish 3-month bond

Thursday, May 15 11:32:27

The National Treasury Management Agency (NTMA) today completed an auction of Irish Treasury Bills, selling the target amount of E500 million.

Total bids received amounted to E1.77 billion, which was 3.5 times the amount on offer.

The Treasury Bills, which have a maturity of three months, were sold at an annualised yield of 0.22pc.