© Reuters. The Treasury expects to place up to 3,250 million in bonds this Thursday
Madrid, Nov 29 (.) .- The Spanish Public Treasury will appeal to the market this Thursday in the first auction in December, and it plans to capture between 1,750 and 3,250 million euros in three different denominations of State obligations.
In the aforementioned auction, Spain will offer investors ten-year government obligations, other obligations with a residual life of three years and eleven months, and others with fifteen years indexed to inflation.
Thursday’s auction will take place at a time of uncertainty in the market after the increase in coronavirus cases around the world, and the discovery of a new variant of the coronavirus, called the omicron.
In this context, the yield of the Spanish ten-year bond, the benchmark, remains at around 0.44%.
After the auction scheduled for this Thursday, the Treasury will hold another three bids in December. On the 7th it will place letters at 6 and 12 months, and on the 14th, letters at three and nine months.
The last auction of the year will be on December 16, and in it, the Treasury will offer bonds and government bonds.
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