Related Post
© Reuters. The Treasury places 6,424 million in obligations and raises the remuneration
Madrid, Apr 20 (.).- The Spanish Public Treasury has placed 6,424 million euros this Thursday in three different denominations of State bonds and in two of them it has once again raised the remuneration it offers investors for them.
According to the auction data collected by EFE, Spain has sold today 2,756 million euros in ten-year bonds, at a marginal interest of 3.520%, higher than the 3.416% applied in the previous bid.
On the other hand, it has also awarded another 1,392 million euros in obligations that have a residual life of 25 years and six months.
The marginal return has been 3.940%, also higher than the previous 3.439%.
Finally, the Treasury has sold 2,276 million in seven-year obligations and, in this case, the interest applied has been reduced to 3.272%, from the previous 3.527%.
Investor demand has exceeded 9,000 million euros in today’s bid.
Thus, the auction ratio, the difference between what was requested by the market and what was finally placed, was 1.4 times.
Today’s auction was the second of the week, since on Tuesday the Treasury placed another 1,985.36 million in three- and nine-month bills that, in both cases, were awarded at higher interest rates.
The yield on three-month bills was 2.940%, the highest since the end of 2011, and that on nine-month bills was 3.199%, the highest since there are records.
Investors, many of them individuals, requested close to 5,400 million euros, more than double what was sold.
After today’s auction, which was the last in April, the Treasury will return to the market on May 4, when it will auction medium and long-term debt.
