Denmark sells DKK3.52 bln 91-day bills; yield 1.62%

Denmark sells DKK3.52 bln 91-day bills; yield 1.62%

Denmark Successfully Auctions DKK3.52 Billion in 91-Day Treasury Bills

On February 26, 2026, Denmark's National Bank conducted a treasury bill auction, selling DKK3.52 billion in 91-day bills at a yield of 1.62%. The auction, held on the second-to-last trading day of the month as standard practice, attracted strong investor interest, reflecting ongoing demand for short-term government securities in the Danish market.

The auction followed Denmark's established uniform pricing model, where all accepted bids are allocated at the final cut-off rate of 1.62%. This rate represents the yield investors will receive upon maturity. Bids submitted at or below the cut-off rate were allocated pro rata, ensuring equitable distribution among participants. Primary dealers, acting as counterparties, facilitated the auction through the MTS Denmark system, with bids submitted by 10:15 a.m. and results announced within 10 minutes thereafter.

The issuance size aligns with Denmark's regular treasury bill program, which supports short-term liquidity management. The 91-day tenor is one of the most liquid instruments in the Danish government debt market. Notably, the auction did not face oversubscription, indicating balanced supply and demand dynamics at the time of the sale.

Auction results are publicly disclosed by the National Bank, providing transparency for investors and market analysts. These disclosures include details on pricing, bid volumes, and allotment shares, enabling stakeholders to assess market conditions and central government financing activities.

This auction follows similar recent sales, such as DKK3.68 billion in December 2025 and DKK3.56 billion in January 2026, underscoring the stability of Denmark's treasury bill program. With yields remaining anchored by broader monetary policy, the issuance reinforces confidence in the Danish government's ability to secure funding at competitive rates.

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