The Treasury has successfully closed a new issue placing 4545.82 million in letters 6 and 12 months, offering investors lower interest on the previous occasion and marking new lows.
MADRID, 19 (EUROPA PRESS)
In addition, the agency has managed to exceed its target, and expected to attract between 3,500 and 4,500 million euros. Demand, meanwhile, has been high and has exceeded 9,100 million.
In particular, the agency has sold 991.78 of 2396.78 million demanded by investors in letters to 6 months so that the requests have exceeded 2.4 times the placed (3.9 times the previous time).
The interest of this paper have moderated considerably and have returned to historic lows mark to stay even below 0.1%. Specifically, the average interest rate increased from 0.146% to 0.080% this July, while the marginal has dropped to 0.090% from 0.155% previously.
In addition, the TREASURE (TSO.NY ) has issued the 6739.18 3554.04 million requested by the market in letters to 12 months, so that demand has exceeded 1.9 times what I sold (2 times in July).
In this case, the interests have also been moderate compared to July and marked in the time series lows. Thus, the average yield increased from 0.294% to 0.160%, while the marginal has remained in the 0.169% compared to 0.302% previously.
The new minimum set by the Treasury show again the confidence generated by the Spanish debt despite the possible effect it may have on the national economy slowing some trading partners such as Germany, France and Italy.
In fact, investors have overlooked the trade balance figures released Monday by the Ministry of Economy, which showed a deficit of 11,882.4 million at the lower boost exports and the sharp increase in imports.
YA has captured 77 6% OF SCHEDULE FOR 2014
In any case, the result of the issue shows that the Treasury has passed once again to pass a test in the markets, but will undergo scrutiny this same week with an auction of bonds and notes to be held on Thursday.
From the beginning of the year, the Treasury has captured 100.343 million euros in the program of regular financing medium and long term. This represents 77.6% of the forecast emission included in the strategy for 2014 average cost of government debt to the issuance stood at 1.81% at July 31, compared with 2.45% closing of 2013.
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