MW:Greece sells 1.63 billion euros of 6-month T-bills
By William L. Watts
FRANKFURT (MarketWatch) -- The Greek government on Tuesday sold 1.625 billion euros ($2.08 billion) of six-month Treasury bills, with yields falling slightly from a December sale. Greece had intended to sell 1.25 billion euros of bills. The sale produced a uniform yield of 4.90%, down from 4.95% in a Dec. 13 auction, the nation's debt-management agency said. Bids exceeded the amount sold 2.8 times, down from a bid-to-cover ratio of 2.93 in December. Earlier, Austria sold 600 million euros each of bonds maturing in 2016 and 2022. The sale of the 2016 bond produced an average yield of 2.21%, while the 2022 bond auction saw a yield of 3.32%.
