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© Reuters. The Treasury will auction tomorrow up to 5,500 million in bills at 6 and 12 months
Madrid, Mar 6 (.).- The Spanish Public Treasury goes to the market again tomorrow, Tuesday, with an auction of six and twelve-month bills, in which it expects to place between 4,500 and 5,500 million euros between both denominations.
Sovereign debt, that is, government bills, bonds and obligations, is arousing more and more interest among investors, not surprisingly, due to the rise in rates in the euro area, which are currently at 3%, a rebound that is reflected in the profitability paid for acquiring these titles.
As revealed last week by the Minister of Economic Affairs, Nadia Calviño, during the first weeks of the year the Treasury website received debt purchase requests from individuals for an amount of 1,100 million euros, almost three times more than in all of 2022. .
Likewise, according to the closing data for 2022 recently published by the Bank of Spain, households had 1,826 million euros in Treasury bills, almost double that of just a month before.
In January 2022, the families only had 16 million euros in bills, although it must be borne in mind that then they offered a negative return.
The last time Spain placed six- and twelve-month bills was on February 7, with a marginal return of 2.693% in the case of six-month bills and 2.839% in twelve-month bills.
After Tuesday’s bid, the Treasury will auction three- and nine-month bills on March 14, and on the 16th it will offer investors bonds and debentures.
To date, Spain has already raised more than 25% of its medium and long-term financing program for 2023.
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