New auction of Treasure letters in the midst of a storm in the financial markets. The Treasury has placed 5,187.02 million euros in Treasury Bills with a maturity of 6 and 12 months, whose yields have fallen. The auction has been in line with the public body’s forecasts, which expected to raise between 4.5 and 5.5 billion.
The department dependent on the Ministry of Economy has sold some 1,256.74 million euros in 6-month Treasury Bills with a marginal interest rate of 3.267%. Is about interests lower than 3,456% achieved at the last auction of this type of securities held on July 2.
The Treasury has also placed 3,930.28 million euros in 12-month Treasury Bills. The marginal profitability was 2.975%. In this case, Interest rates have fallen significantly below the 3,392% paid in the previous auction.
One more time, Demand for both titles has been higher than supplyas has occurred in recent months. Investors have requested 2,770.77 million euros in 6-month Treasury Bills (compared to the 1,256.74 million awarded) and 5,901.36 million in 12-month Treasury Bills (compared to the 3,930.28 million placed).
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