General government short term debt drops in 2Q of 2016

The total outstanding stock of T-bills for the 2nd quarter of 2016 fell by Euros 20 million compared to the previous quarter, reaching Euros 342 million, according to the quarterly bulletin issued by the public debt management office of the Finance Ministry.

The weighted average yield in the 13-week Treasury Bill June auction increased to 0.89% compared

to the March auction which was 0.

Source: Cyprus News Agency