June 15, 2021

The Treasury measures investor confidence again with an auction of letters

The Spanish Public Treasury will again measure the confidence of investors in Spain this week, with a three and nine month auction of letters that will be held amid the high volatility that the market suffers from the coronavirus.

The auction, scheduled for Tuesday, is the third held by the Treasury since March began, a month in which it has already managed to place more than 9.4 billion in short, medium and long term debt, with interest rebates.

Even, in some cases, as in inflation-indexed obligations, the interest applied fell to historical lows.

And this despite the rebound that has registered the Spanish sovereign debt to the flight of investors to safe values ​​such as German debt, for fear of the coronavirus.

At the end of the week, the yield of the Spanish bond at ten rose above 0.22%.


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