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    Belgium still borrowing at negative rates

    At an auction of 3-month and 12-month Treasury certificates on Tuesday, a total of 2.755 billion euros was raised at negative rates, according to the Debt Agency. In other words, buyers must pay to lend their funds to the Treasury, and will get back less than they invested.

    Treasury certificates reaching maturity on July 16th brought in 1.245 billion euros, at a rate of -0.23%. The interest rate for bills due on the same date reached -0.184% at the end of March.

    Bills reaching maturity on April 14th, 2016, allowed the government to raise 1.510 billion euros at a rate of -0.21%. On March 10th, the rate for this type of Treasury bill was -0.153%.

    Oscar Schneider (Source: Belga)