The French Treasury said the average accepted 5-year yield at today’s auction of annual coupon Treasury bills (BTANs) rose to 4.64 pct from 4.28 last month.

No 2-year bills were auctioned off at this month’s BTAN auction.

The Treasury allocated 4.870 bln eur of the 4.50 pct BTAN due July 2012 compared with bids of 10.020 bln, for a bid-to-cover ratio of 2.06.

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Posted: 06|21|07 at 2:24 pm. Filed under: Auction News.