The Treasury sells 6,964 million in bonds and obligations with a mixed interest By EFE

© Reuters. The Treasury sells 6,964 million in bonds and obligations with a mixed interest

Madrid, Apr 13 (.).- The Spanish Public Treasury has placed 6,964 million euros this Thursday in four different denominations of bonds and obligations, including a new reopening of the green bond that was issued for the first time in 2021.

The marginal return of the four denominations auctioned has been mixed, since it has fallen in the case of three-year bonds and in the fifteen-year inflation-indexed bonds, while it has risen in the ten-year bonds and in the twenty-year debt (residual life of 19 years and three months) of the aforementioned green bond.

According to the auction data, the ten-year debt, the Treasury has sold 2,539 million euros, at a marginal yield of 3.416%, higher than the previous 3.376%.

On the other hand, in three-year bonds, the Treasury has placed 2,505 million euros, at an interest rate of 3.033%, lower than the previous 3.441%.

In the reopening of the green bond, the fourth that the Treasury has carried out since its launch, the amount placed has been 1,441 million euros.

The interest has been 3.812%, much higher than the 2.418% applied in the last reopening carried out, in November 2022.

Finally, in fifteen-year bonds indexed to inflation, Spain has awarded 479 million. The interest applied has been 1.065%, less than the previous 1.176%.

Investor demand has been high, at 11,315 million euros.

Thus, the auction ratio, the difference between what was demanded by the market and what was finally placed, was 1.6 times.

Today’s auction was the second that the Treasury has carried out this week, since on Tuesday it sold another 4,840 million in six- and twelve-month bills, whose interest, in both cases, was lower.

Despite the drop in the yield offered, the demand from investors exceeded 8,200 million.

For a few months now, private investors have been buying Treasury bills because of the yield they offer as a result of the rise in interest rates, and which is higher than other financial products such as bank deposits.