©Reuters. The Treasury returns to the market with an auction of bonds and obligations
Madrid, March 13 (.).- The Spanish Public Treasury will once again appeal to the market this Thursday, with an auction of bonds and obligations, in which it will be the first bid after the European Central Bank (ECB) has decided to modify the debt purchases, speed them up and finalize them in the third quarter.
The ECB, which, as a result of the war in Ukraine, lowered its economic forecasts to 3.7%, also raised its inflation estimates to 5.1%.
However, he left the interest rates unchanged, and assured that he will begin to raise them at some point after he finishes buying debt and in a “gradual” way.
The ECB’s monetary policy decisions raised the interest rate on the ten-year Spanish bond, the benchmark, which has come close to 1.3%.
At Thursday’s auction, Spain will offer investors three-year government bonds, ten-year debentures and other debentures with a residual life of six years and four months.
To date, Spain has already captured 30.4% of its medium- and long-term financing program.
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