©Reuters. The Treasury plans to place up to 7,000 million euros in debt this week
Madrid, Sep 12 (.).- The Spanish Public Treasury celebrates this week the last two auctions of September (one for bills and another for medium- and long-term debt) and expects to place between 5,000 and 7,000 million euros in them.
Both auctions will be the first to be carried out by Spain after the European Central Bank (ECB) decided on September 8 to raise interest rates again, in this case by 75 basis points, to 1 .25%.
The ECB undertook this rise, the largest in its history, to curb inflation in the euro area, which shot up to 9.1% in August.
The agency plans to continue raising the price of money this year and next in the face of high inflation and, according to its forecasts, will remain high for longer.
After the rise in rates by the ECB, the yield on the ten-year Spanish bond has risen, and is close to 2.8% this Monday, and 115 basis points.
In this context, the Treasury returns to the market tomorrow with an auction of three and nine-month bills, in which it hopes to allocate between 1,500 and 2,500 million euros.
On Thursday, it will offer investors five-year government bonds; some obligations with a residual life of three years and one month, and others that mature in 2030, with a residual life of seven years and seven months.
In that auction on Thursday, Spain hopes to capture between 3,500 and 4,500 million euros.