Jason Martin | Bolsamania | Aug 22, 2014 12:36 – Updated: 13:00 | Discuss | | |
After Treasury bills make contributions to 3 months on Thursday for the first time in its history with negative types, you set the rules for the issue of this paper to try to ‘protect the small investor’.
In particular, the yield on 3-month bills trading Thursday came with an interest rate of -0.020% so that “the Treasury has introduced regulatory changes to protect the small investor against the possibility that values shorter term interest rates reach below zero at auctions, “reported the Ministry of Science and Innovation of Spain on Friday in a statement.
Requests for letters that are made in non-competitive form of subscription (those in which the buyer declares the amount you want to purchase, but do not expect high profitability) will be declared submitted if the return is negative.
“ From the rules have not changed, the system had led to small investors lose money if the performance fell below zero ,” explained Economics.
It also states that the change to all auctions Treasury bills for the rest of 2014 and for January 2015 will apply.
recall that Treasury plans to auction 3 letters and 9 months next . Tuesday
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