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    Belgium borrows 2.8 billion euros, 10-year rate stays below 1%

    ©Belga
    ©Belga

    Belgium borrowed a total of 2.8 billion euros in 3 separate issues of linear bonds (OLOs), according to the Federal Debt Agency on Monday. More specifically, Belgium borrowed 0.995 billion euros in bonds maturing in 2021, at an average rate of 0.364%.

    Over 1.1 billion euros came as 10-year bonds with an average rate under the symbolic threshold of 1% (0.939%).   Lastly, Belgium borrowed 0.74 billion euros in bonds maturing in 2028, at a rate of 1.148%.

    Interest rates for public bonds increased very quickly on the secondary market (where existing public debt is traded) in the past few weeks. Reaching barely 0.33% last April 15th, Belgian 10-year rates exceeded 1% less than 4 weeks later.

    Lars Andersen (Source: Belga)