Belgium has once again raised short-term funds at negative rates on Tuesday. In other words, purchasers of Treasury certificates needed to pay in order to lend money to the government. A total of 2.45 billion euros were borrowed via Treasury bills. Bills maturing on July 16th will bring 1.19 billion euros at a rate of -0.184%, whereas those maturing on September 17th will raise 1.26 billion euros at a rate of -0.178%, reveals the Debt Agency.
3-month and 6-month rates have decreased yet again when they were already negative last time bills were issued, respectively at -0.16% and -0.152%. In this situation the lender gets less money back then he originally loaned.
Oscar Schneider (Source: Belga)