COPENHAGEN Dec 29 Denmark's central bank sold
3.70 billion Danish crowns ($520.4 million) worth of Treasury
bills at an auction on Thursday after receiving bids worth 4.40
The cut-off rate was -0.77 percent for the bills that mature
in March 2017 and -0.67 percent for bills maturing in June 2017.
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 = 7.1098 Danish crowns)
(Reporting by Teis Jensen)