Treasury announced this Tuesday 4,838.79 million euros It was in the expected mid-low range on short-term debt, according to data released by the Bank of Spain, and it did so by offering higher yields on 6-month bonds and cutting interest on 12-month bonds.
Improvement in interest rates, presented in line with the ECB’s recent hikes in interest rates, Investor appetite of the markets for Spanish titles, because the joint demand for both references has almost doubled the amount given by the claims of 9,365 million Euros.
Specifically, the Treasury invested 1,003.52 million euros in six-month bonds in response to a request. 2,734.20 million euros, It delivered a marginal return of 3,665%, slightly higher than 3,629% on the previous issue, reaching its highest level since July 2012.
In the twelve-month invoice auction, the affiliate of the Ministry of Economy won the tender. 3,835.27 million euroscame in with 6,630.95 million requests from investors, and marginal interest was placed at 3,682%, below 3,804% in the previous.
from Ministry of Economy and Digital Transformation attracted great interest from individual investors. In approximation of their participation, non-competitive offers, mostly from private investors, stating only the requested quantity without price, represented 27.6% of the issuance concentrated in the Letter up to 12 months.
August auction canceled
After Thursday’s auction, the Treasury will return to the markets today. Wednesday, August 16 –Thursday-15 is a holiday– with a three- and nine-month billing arrangement to close the month.
And the thing is, in August, as usual, the public agency decided. cancel an auction This state bonds and liabilities situation, scheduled for August 17.
goals for the year
Treasury’s gross issuance will be this year 256,930 million euros, It represents an 8.2% increase over the 2022 forecast due to the increase in interest rates.
The net indebtedness of the Treasury in 2023 is 70,000 million. By instrument types, Treasury Bills are expected to provide a net financing of 5,000 million, so Government bonds and liabilities will contribute, along with the remaining €75,000 million and foreign currency debt.