The Public Debt Management Agency (PDMA) announced on Tuesday it successfully auctioned six-month treasury bills at a historic low interest rate of minus 0.12%. The 26-week T-bill auction was originally planned to fetch 625 million euros. Source Ekathemirini
-European gas prices surged more than 10% as Russia is keeping its grip on the market, opting to cap additional flows to the continent. Gazprom PJSC opted not to flow more gas to Europe via Ukraine in October, according to the results of an auction on Monday. There were also signs Russian flows via the key Yamal-Europe pipeline will remain limited, with traders booking just a fraction of the capacity offered to flow gas next month into Germany via the Mallnow compressor station. Source World Oil
The troubled Chinese property group Evergrande has edged closer to a government-engineered restructuring which could see bondholders take huge losses as Beijing’s price for saving millions of homeowners from financial ruin. Source The Guardian
US Treasury Secretary Janet Yellen has warned the US government will run out of money next month. She called on Congress to raise the debt limit in a letter to House Speaker Nancy Pelosi. Source DW
