Spanish Public Treasury this Tuesday 4,964 million euros in the auction of six and twelve monthly invoices came out with a higher interest rate, and in the case of the latter, the offered fee was close to 3.5%. Likewise, demand from investors for today’s auction has exceeded 9 billion 300 million euros, a large part of which comes from private investors who have bought Treasury bonds for the profitability it has offered as a result of the increase in interest rates for several months.
Also, the fees they offer are higher than other financial products such as bank deposits. According to market data, in today’s auction, Spain invested 3,985 million euros in twelve-month bills, with a marginal interest rate of 3.468%, higher than the 3.247% of the May auction, representing a new maximum since July 2012. On the other hand, 979 million euros were traded in six-month bonds. The interest rate at which such loans arise was also 3.392%, above the previous 3.143% and the highest level since 2012.
The total amount awarded was 4,964 million, which was in the middle of the agency’s estimate and 4,500 and 5,500 million euro.