©Reuters. The Treasury places ten-year debt at the highest interest since January 2019
Madrid, March 17 (.).- The Spanish Public Treasury has placed this Thursday 5,600 million euros in debt of various denominations in the medium and long term that in all cases have come out at a higher interest, including ten-year obligations, whose performance has been the highest since January 2019.
Specifically, ten-year bonds have been placed at a marginal interest rate of 1.313%, higher than the previous 1.245%.
Of this type of debt, the Treasury has sold 2,489 million euros.
On the other hand, 2,083 million have been placed in three-year bonds, whose interest has shot up to 0.349% from the previous 0.09%.
The yield applied in today’s auction on three-year bonds is the highest since September 2015.
Finally, Spain has sold another 1,028 million to investors in bonds with a residual life of six years and four months. They have been placed at an interest rate of 0.770%, also higher than the previous 0.436%.
The demand for the auction has exceeded 9,600 million euros.
This is the first bid held by Spain after the US Federal Reserve (Fed) decided to raise interest rates for the first time since 2018 with the aim of controlling inflation.
In this sense, the president of the European Central Bank (ECB), Christine Lagarde, assured this Thursday that inflation in the eurozone countries could exceed 7% in 2022 as a consequence of the impact that the war in Ukraine has on prices. of energy and food.
Given the current situation, he has assured that the ECB “will take whatever measures are needed to guarantee price stability and protect financial stability.”
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