The Treasury captures 1,325 million in letters at a higher interest in the first auction after the electoral advance

The Treasury captures 1,325 million in letters at a higher interest in the first auction after the electoral advance


MadridUpdated:

The Spanish Public Treasury has captured this Tuesday 1,325 million euros in letters to three and nine months to a marginal interest that in both cases has been less negative than in the previous bid. This means that although Spain continues to charge investors who acquire this type of debt, it does so to a lesser extent than in the past.

According to the auction data, of the total placed today, most, 1,000 million euros, have been in letters to 9 months. The remaining € 325 million corresponded to three-month bills, which came out at a marginal interest of -0.403%, less negative than -0.460% applied in the January auction.

In the case of nine-month letters, the yield has been -0.357% also less negative than -0.377% previously applied. Despite this, the demand from investors has been very high, almost 6,850 million euros. Thus, the ratio of the auction -difference between what was requested and finally demanded- has reached 5.1 times.

In addition to today's auction, eTreasury plans to hold another bid this week, on Thursday, when it expects to award between 3,500 and 4,500 million euros in medium and long-term debt of various denominations, specifically, three and five-year bonds, and ten-year bonds.

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