Information board on the Madrid stock exchange / J. J. Guillen (AP)
The Treasury has placed 4,545 investor 82 million euros in 6 and 12 months. It has achieved this sale still offering lower interest rates than on the previous occasion, which marks another historic lows for these types of investment product in the short term. The demand has been very high. 9,100 million euros, which has led to the agency, which planned to put between 3,500 and 4,500 million euros, exceeding the maximum target of
The short-term auctions have chained and minimum seven. In letters to six months the agency has sold 991.78 million euros. The interests have remained 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 letters to 12 months, the Treasury has issued 3,554 04 million euros. In this case, the interests have also been moderate compared to July and lows have marked the time series. 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 result of the issue has been positive, even after the publication of the latest figures for eurozone growth, confirming the slowdown in Germany and France, two of the main customers for exports from Spain. The market seems to continue to rely on Spanish debt, that next Tuesday will face another test in letters 3 and 9 months.
In the secondary market, where investors buy and sell debt and issued The 10-year bonds, which are used as reference for comparison with other countries, had an interest rate of 2.4%, slightly below yesterday. The risk premium (the interest differential required with respect to Germany, which is referenced in the markets) is stable in the vicinity of 144 basis points.
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