The European Financial Stability Facility (EFSF) sold the targeted amount of bills at an auction today which was met with strong demand.

The EFSF sold 1.5 billion euros meeting target after demand was nearly triple the amount tendered of 4.66 billion with the bid-to-cover ratio of 3.1 times.

The sold 182-day bills were sold at an average yield of 0.2664% the Bundesbank said.