Belgium’s Federal Debt Agency has obtained 1.876 billion dollars through treasury certificates on short-term loans. The rates for three-month certificates dropped to -0.792% this year. With such a low rate, institutional investors who lend money to the State will be get back less than they lent when the loans mature. In other words, they will have paid the State to borrow from them.
The lowest rate on record for short-term certificates was -0.786%, registered on the 3rd of January 2017. Rates went up slightly in the following months then plunged again at the last certificate issue.
The public treasury has been replenished with 1.301 billion euros through 12-month certificates. The rate, -0.650%, was slightly more than in February.