Treasury deposits 2,048 million letters and cuts interest on titles to 9 months

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HE public treasury It distributed 2 billion 48 million euro letters for three and nine months at an auction held on Wednesday.The interest paid on the nine-month securities is reduced by one thousandth.

According to Treasury data, 9-month bonds were offered to investors. 1,524.98 million € At a marginal interest rate of 3.7%, that’s eleven basis points lower than the previous auction it placed at 3.81% last July.

Regarding quarterly bonds, this department distributed €523.04 million with a yield of 3,535 percent, an increase of at least four per thousand compared to the previous month’s offer. marginal was determined as 3,531%.

Investors demanded 5,351.9 million Euros from these titles (3,462.47 million nine-month bonds and 1,889.43 three-month bonds), but the Public Treasury set an issue target. Between 1,500 and 2,500 million euros.

It exceeded 3.6 times the amount demanded for quarterly bonds and nearly 2.3 times for nine-month bonds.

Last week, the agency gave about 4,850 million euros to the six- and twelve-month bond issuance, which it raised to 3.682 percent by lowering the interest rate on one-year bonds by as much as 3.682 percent. in the case of six-month debt, up to 3.665%.

Following this auction and suspending the planned auction for bonds and liabilities next Thursday, the Undersecretariat of the Treasury It will not return to the markets until Sept.With 6 and 12 monthly bills.

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