houses Spaniards already largest owners treasure lettersand they too because First time because there is data. So families at the end of August 20.348 million euros invested in these products short term public debtAs published by the Bank of Spain this Monday. This is the highest figure since statistics began in 2002, compared to 35 million in the same month in 2022, and represents an increase of 1 billion 825 million euros. 9.8% compared to July.
in households in August 28.6% of 70,913 million A year ago, they only had 0.04% of these securities in circulation, although they only had about 0.04 euros of them in circulation. So they left the group behind foreign ownerswhich has 27.5% and has reduced its invoice portfolio since February 2022 (8.7% in August compared to July). In May, families received the first Spanish letter. They actually increased their relative weight. banks (14.06%), companies (9.3%), mutual funds (7.9%), administrations publicly traded (5.2%), insurers (3.7%), pension funds (1.8%) and Bank of Spain (0.4%)
Extraordinary increase in interest The government’s Treasury bill payment in the last year explains the behavior of households. Inside August auctions agreed to pay between last year 0.145% for three months and 0.795% for one yearLast August, the rates in the same settlements were between 3.507% and 3.664%. Behind this are the approved interest rate increases. European Central Bank (ECB) to tame the high inflation. Basic interest increased from 0% to 4.5% Since July 2022, the deposit facility (interest paid on money you hold in banks, the most relevant in the current context) has fallen from -0.5% (which returned them less than they kept) to 4%. %.
Too little for deposit
The increase in household bill investment also contributed to this. bank resistance raise charging Term deposits despite the increase in official interest rates. The average interest charged on new deposits thus exceeded 0.17% August 2022 at 2.31% Last August, this level was still literary and also well below average. euro area (3.03%). Moreover, 90% of the money In the accounts of people kept in banks current payments paid only 0.13%.
Regarding Treasury debts with a maturity of more than one year (e.g. bonds and bills), households closed the month of July as follows: 1.943 million The amount of euros invested in these securities is 999 million more than a year ago and 51 million more than in July. Investing in debt autonomous communities also increased in twelve months, but much more modestly: passed 53 to 72 million euro.
Likewise, the value investment individuals in companies mountain goat 35 In August, there will be a 0.48% decrease compared to July and a 20% increase compared to August 2022. 87.471 million euro. The behavior of voters in the same periods (-1.4% and +20.5%) shows that citizens reduced their investments in these companies by 261 million in one year, but increased them in another year. 805 million compared to July.