©Reuters. Spain opens the July bids this week, with letters and obligations
Madrid, Jul 3 (.).- The Spanish Public Treasury inaugurates this week the official calendar of July auctions, and it will do so with two bids, one for bills at six and twelve years, and another for bonds.
The bill auction, the first of the month, will be held on Tuesday, while the bond auction will take place on Thursday.
In said bid, the Treasury will offer investors 10-year and 30-year bonds, and others with a residual life of four years and one month.
It will also auction other inflation-indexed bonds with a residual life of eight years and five months.
Both auctions are held days after it was known that inflation in the eurozone, which climbed five tenths in June and stood at 8.6% annual rate, according to Eurostat.
A fact that puts even more pressure on the European Central Bank (ECB), which together with the US Federal Reserve (Fed), and the Bank of England have shown this week determined to control inflation, for which they are willing to use all the tools at your fingertips.
“What we have to do is return inflation to 2%,” said ECB President Christine Lagarde, who showed her “determination” to meet the central bank’s main target.
To do this, the ECB has already announced rate hikes in July and September, but these measures have to coexist with the fight against the “inherent” risk of fragmentation of the euro zone, assured Lagarde, who announced that the body will discuss the new instrument anti-fragmentation at its meeting on July 21.
This measure is added to the flexible reinvestment of bonds acquired in the pandemic that began on Friday.