Tuesday, March 15, 2011

Greece to stay away from T-Bill market this time

An auction of three-month Treasury bills scheduled for next week has been cancelled by Greece.

The country was to have entered the market to raise euros from the sale.


But Greece has said it has enough cash for the moment.


This week, Greece raised 1.625 billion euros from a sale of six-month T-bills, its first borrowing move after a downgrade of the country by the ratings agency Moody’s.
 




source: Big News Network.com