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© Reuters. The Treasury will sell 3 and 9 month bills next week
Madrid, Mar 12 (.).- Private investors will have a new opportunity next week to make their money profitable in the two public debt auctions held by the Spanish Treasury, which on Tuesday will sell 3- and 9-month bills and on Thursday will place bonds and debentures, in an amount that is not yet known.
Spanish savers have launched in recent months on the hunt for any financial product that offers them profitability, now that interest rates are rising after many years frozen, and this is due to the lack of haste shown by national banks to remunerate deposits.
The price of money is at 3% in the euro area, and most likely it will rise another half a basis point at the meeting held on Thursday by the European Central Bank (ECB), an increase that will not be the last and that it has the objective of cooling inflation, which was at 8.5% in February.
Due to this, the retail demand for public debt continues to grow, even recently staged with long queues at the doors of the Bank of Spain.
In fact, the Treasury website received purchase requests for this type of instrument for a total amount of 2,363 million euros in the first two months of the year, according to data provided by the agency to EFE.
To this amount must be added the negotiation corresponding to the March auctions, which were settled -in the case of the bills- with yields of more than 3% for the first time since 2012.
Likewise, in the last bid for the same denomination as the one that will take place on Tuesday, 3 and 9-month bills, which was on February 14, the Treasury offered investors respective yields of 2.4% and 2.9 %.
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