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©Reuters. The Treasury opens the June auctions this week
Madrid, May 29 (.).- The Spanish Public Treasury will inaugurate the June auctions this Thursday, and will do so with a bid for State bonds and obligations of four different debt denominations.
Specifically, according to the Treasury, seven-year bonds will be sold, others with a residual life of three years and two months, and other ten-year bonds indexed to inflation.
Finally, the Treasury will place other obligations with a residual life of eight years and eleven months.
In addition to the aforementioned auction on Thursday, the Treasury plans to carry out three more this month: on the 7th, of letters at 6 and 12 months; on the 14th, bills at 3 and 9 months, and on the 16th, bonds and debentures.
The first bid in June will be only two days before the monetary policy meeting of the European Central Bank (ECB), in which no changes are expected, since, as confirmed by the president of the organization, Christine Lagarde, the monetary entity will start raising interest rates in July.
Lagarde said she expects the debt purchases “to be concluded very soon, in the third quarter. This would allow us to raise interest rates at our meeting in July, in line with our guidance,” she added.
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