T-Bill yields drop for second auction in a row

TIRANA, May 17 – Lower interest rates were registered in this week’s auction on Albanian 12-month treasury bills, dropping for the second time in a row. T-bills with a 12-month maturity were auctioned this week at an interest rate of 7.35 percent, down from 7.37 percent in the previous auction, said the Bank of Albania. The interest rate for T-bills with a six-month maturity also dropped slightly to 6.82 percent, down from 6.84 in the previous auction
The Bank of Albania organizes 3-month and 6-month T-bill auctions every month and 12-Month T-Bill auctions every two weeks. T-bills are issued and guaranteed by the Ministry of Finance on behalf of the Albanian government. T-bills are traded in the primary and secondary market. The minimum amount to participate in the primary T-bills market is 300,000 lek (3,000 dollars).