The Treasury places 4,976 million in 6 and 12 month bills and increases the profitability offered to investors
He Public Treasury has placed this Tuesday 4,976.3 million euros in an auction of six and twelve month billsin the expected mid-range, and has done so by raising the marginal profitability offered to investors by both references, according to the result of the issue published by the Bank of Spain.
The public body dependent on the Ministry of Economy has received for this first auction of the month of December a demand of 8,707.8 million euros, which has not managed to duplicate what was finally awarded in the markets.
Specifically, has placed 1,469.595 million euros in six-month bills, compared to a demand of 3,190.447 million euros, and the marginal interest has been placed at 1.968%, somewhat above the 1.962% offered in the previous auction of this same type of paper.
In the auction of twelve-month bills, The Treasury has awarded 3,506.703 million euros, also below the requests of more than 5,517 million, and the marginal profitability has risen from the previous 2.003% to the current 2.004%.
This coming Thursday the Treasury will hold an auction of State bonds and obligations in which it hopes to award between 2,750 million and 4,250 million euros. Specifically, 5-year state bonds will be issued, with a coupon of 2.70%; State obligations indexed to euro zone inflation for 10 years, with a coupon of 1.15% and State obligations with a residual life of 11 years and 8 months, with a coupon of 0.85%.
The reference marginal interest rates for this auction are 2.491% for 5-year government bonds; at 1.397% for State obligations indexed to 10-year euro zone inflation and at 3.455% for State obligations with a residual life of 11 years and 8 months.
After Thursday’s broadcast, The Treasury will return to the debt markets on December 9, with an auction of three- and nine-month bills with which the month’s issues will close, since the one scheduled for the 11th has been canceled.
