HE public treasury placed this thursday 5,982 million euro government bonds and liabilitiescontinued to increase its fees to investors in the expected average range and in line with the ECB’s rise in interest rates.
HE investor appetite This new auction continued as the joint demand for the three references issued today for Spanish public debt securities approached EUR 11,000 million, almost double the amount given in the markets.
The new Treasury issue comes out at such a time Individual investors show great interest in acquiring this type of debt due to its high profitability.Since the beginning of 2022, growth continues, especially in shorter-term bills.
So far in 2023, purchases made by retailers through the Treasury website have increased by more than €1,100 million, tripling all purchases in 2022.
In the auction held this Thursday, the Treasury offered 1 billion 351.31 million euros of bonds with a maturity of 4 and 5 years and a maturity of 2027, against the demand and marginal interest type, which exceeds 2 billion 600 million. It was 3,087%.
In the 7-year bond with a maturity of 2029, the public institution issued 2,600.42 million euros, well below the demand of investors, which exceeded 4,500 million, while the marginal return was 3,212%, above the previous 2,897%. problem.
Finally, in the ten-year bond, the amount invested reached € 2,031.16 million compared to claims for 3,700 million, and the marginal interest rate rose to 3.407%, higher than the previous 3.313%.
2023 Treasury targets
Gross issuance of the Treasury will be 256,930 million euros this yearIt represents an 8.2% increase over the 2022 forecast due to the increase in interest rates.
The Treasury’s net debt in 2023 will remain at 70,000 million. By instrument types, Treasury Bills are expected to provide 5,000 million net negative financing, while Government bonds and liabilities will contribute the remaining € 75,000 million and foreign currency denominated debt.