© Reuters. The Treasury plans to raise up to 7,500 million this week in two auctions
Madrid, Nov 15 (.) .- The Spanish Public Treasury expects to raise this week between 5,500 and 7,500 million euros in two auctions, one for three- and nine-month bills, and the other for government bonds and obligations.
The first of these bids will be held tomorrow, and in it, the Treasury has set itself the goal of placing between 1,500 and 2,500 million euros in bills.
Already on Thursday, it will offer investors five-year government bonds, ten-year obligations and other obligations that mature in 2029, but have a residual life of seven years and eleven months.
The objective of this auction is to sell between 4,000 and 5,000 million euros.
In the previous bid held by the Treasury, last week, Spain managed to place 5,098 million euros in six- and twelve-month bills, and placed interest at historic lows.
The Treasury will carry out the last two auctions in November at a time when the profitability of Spanish sovereign debt is trading down after the strong rises in recent weeks, in which it reached 0.63%, the highest since October, affected by inflationary tensions.
On Monday’s session, the ten-year Spanish bond is much further away from that level, and is trading at around 0.44%.
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