The latest auction of Treasury Bills (T-bills) that was held on June 19th registered a surplus of $8.1 million, excluding interest payments.

The surplus is the difference between the amounts of subscriptions and maturing T-bills.

“This is due to our debt management policy concerning T-bill refinancing and maturity,” said a source at the Ministry of Finance.

Yields were unchanged from previous auctions: One-year 5.35 percent, two-year 5.85 percent, and three-year 6.5 percent.

About 76 percent of subscriptions focused on three to six months maturities. The balance went for five years T-bills.

The June 5 auction amounted to a surplus of some $35 million. Total subscriptions reached $140 million.