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Greek Borrowing Rates Rise in T-bill Sale

Greece’s debt management agency says the country has raised 1.625 billion ($2 billion) in an auction of 26-week treasury bills, but at a relatively hefty interest rate that rose from a similar debt sale last month.
Tuesday’s auction saw the yield increase to 4.73 percent from 4.69 percent in the last such auction on May 8. Demand was 2.14 times the amount on offer, weaker than in May, when it was 2.6 times the offer.
(source: AP)

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