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. Last Updated: 07/27/2016

T-Bill Yields Fall Sharply

Annualized yields on government Treasury bills fell sharply at Thursday's auction, but demand was light, the Moscow Interbank Currency Exchange said.

Yields on the 2 trillion ruble ($397 million) issue of 48-day bonds were 109.52 percent, down from 139.79 percent on three-month securities last week.

Only 893 billion rubles worth was sold. The selling price was 91.44 percent of the 1 million ruble face value.