The yield on its 2021 A2-rated paper managed a seven basis point decline to 5.02% while 10-year government note yields eased by 11 pips to 3.02% widening the premium to 200 basis points or 2%.
Old and new currencies will circulate side by side for, at most, six months, during which time the entire note issue and coinage of the 11 member countries will have to be replaced.