ATHENS Jan 15 Greece sold 1.625 billion euros
($2.17 billion) of three-month Treasury bills on Tuesday, with
the yield easing from a previous auction in December, debt
agency PDMA said.
The sale's bid-cover ratio was 1.75, up from 1.73 in the
Dec. 18 auction. The T-bills were priced to yield 4.07 percent,
down from 4.11 percent in the previous sale.
Monthly T-bill sales are Greece's sole source of market
funding to roll over previous issues.
Greek banks traditionally buy the bulk of the T-bill issues,
meaning funding costs do not fully reflect strains on the
economy from the country's debt crisis. Banks can deposit the
bills as collateral with Greece's central bank to receive