The Agency tasked with managing State funding has now sold €4 billion of benchmark bonds this year
The National Treasury Management Agency sold €1 billion of long-term bonds in an auction on Thursday as market interest rates internally dipped on the back of a surprise move by the Swiss central bank to cut rates.
It also sold €500 million of bonds due to mature in 2043, priced to carry a yield of 2.95 per cent. The NTMA received over €1.9 billion of orders from investors for the €1 billion of bonds on offer. Meanwhile, Bank of England governor Andrew Bailey said at midday that the UK economy was “moving in the right direction” for his organisation to start cutting interest rates.
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