euphoria protectors with Public debt It is measured in millions. Spanish households thus closed last year as follows: 3.233 million Euro investment in government bonds: 1.826 million inside literature in the short term and 1.407 million inside bonds and bonds longer expiration date. highest figure since 2015. 2.226 million and one 68.8% higher By the end of 2021, thanks primarily to the extraordinary increase in the portfolio of individual bonds (from 17 million to 1.809 million a year ago; bonds and liabilities by 417 million, up 42%), according to data released this Wednesday by Bank of Spain.
about this first year increase The government’s debt portfolio is in the hands of families since 2015, but that year the figure was higher (4,535 million). The reason for the increasing interest in debt among savers since last October is, raise rate European Central Bank (AMB) Since July, three percentage points have been transferred to Treasury bond yields to combat the inflationary spiral of up to 3%; fee between bank depositsThe perfect savings product for Spanish households.
Of course, we have to put everything into perspective: By the end of December, individuals were barely monopolized. 0.26% of debt Circulating Spanish provincial government (1.23 trillion euros), a percentage that has been more or less consistently falling from not very high 2.34% of 2002, Although it recovered compared to 0.09% in 2021. 45.9% in your hand AMB after purchases in recent years, even foreign investors Non-retail Spanish investors with 40%, first in 2021: banks (13.6%), insurance companies (7.2%), mutual funds (2.3%), public administrations (1.5%), pension funds (0.8%) non-financial companies (0.2%) and other financial intermediaries (0.1%). The Treasury is confident that private investors will take over from the central bank as it gradually drains its portfolio.
more attention
Individuals’ interest in public debt, especially in the short term, has increased rapidly in recent weeks. queues registered Headquarters of the Bank of Spain buy before being forced to request an appointment or problems who suffered Treasury website, two cheaper ways to get it than banks. Treasury sold in January 400 million He requested a loan through his website throughout 2022 and in the first five weeks of the year. 1.1 billion700 million in the last two weeks.
HE an average man Thus, the ratio of outstanding public debt was realized at the end of last year. 1.727%From 1.636 a year ago, the first increase since 2011. new problems An example of debt: bills up to six months gone -0.66% Tendered in December 2021 (Government returned less money to investor than it lent) 2.04% last December. The upward trend continued at the beginning of this year: bonds auctioned in February, 2.52% and 2.998%.
The average interest rate against these rates new deposit banks in December 0.64%compared to 0.06% a year ago and 1.83% average eurozone. Thus, the country’s big bankers have confirmed in recent weeks what has been proven for months: They are not raising deposit fees despite the rise in official ECB rates. They will delay as much as possible. thanks to the abundant liquidity position and in no case will there be a significant or overall rate increase.
More customer benefits
Behind this strategy, the ECB interest rate hike higher profitability for your customers, something they don’t want to miss after eight years of negative official price of money. while average balance ratio Deposit only rises 0.4% to 0.18% Between December 2021 and last year, euribor shot -0.5% to 3.018% (with the resulting increase dues mortgage) and type new loans increased for housing purchases 1.38% to 2.91% (consistent with 2.94% in the euro area).
in front of someone annual average inflation 8.4%both public debt and deposits last year loss of purchasing power for households, but lower in the case of government securities. What is predictable is the advantage in favor of Treasury bills. Maintenance will be done in 2023. Thus, the ECB confirmed that it plans to continue. raising reference rates (The market expects them to rise between 3.5% and 4.5%). Despite this, experts expect the average deposit rate not to exceed 2 percent in the period between one and two years, or even to remain below it.
Banks customers who save instead of pay for deposits. leasing mutual funds, especially public and corporate debt or guaranteed capital that allows them to earn more commissions. According to Inverco, nine great rulers Spanish market owned by the main banks in the country The number of customers Compared to December, it reached 14.6 million with 8,493 and registered network subscriptions It is worth 2,790 million euros (8,257 million entries and 5,466 million withdrawals). As for the executives group, the figure was 3,202 million and the overwhelming majority of the money (2,726 million, 85%) went to public and private fixed income funds.