COPENHAGEN, April 10 Denmark's central bank sold
1.0 billion Danish crowns ($142.32 million) in one treasury bill
while refusing bids for another at an auction on Monday after
receiving bids worth 3.8 billion crowns in total.
The cut-off rate was -0.69 percent for the bills that mature
in June 2017. It did not accept any bids for another t-bill
maturing in September.
The central bank has at times used T-bill auctions as one
tool to control the exchange rate of the Danish crown, which is
pegged to the euro, by declining bids when it has deemed the
currency too strong.
($1 = 7.0264 Danish crowns)
(Reporting by Stine Jacobsen, editing by Teis Jensen)