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Company News

UK sells 6-month T-bill with negative yield for first time

LONDON, Sept 11 (Reuters) - Britain sold a six-month treasury bill with a negative yield for the first time at a tender on Friday as investors locked in bets for more stimulus from the Bank of England.

The Debt Management Office sold 1 billion pounds ($1.3 billion) of a bill maturing on March 15 with an average yield of -0.000487%.

Some one- and three-month bills were sold with negative yields in 2017. ($1 = 0.7806 pounds) (Reporting by Abhinav Ramnarayan and Andy Bruce Editing by William Schomberg)

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