The State Treasury reduces interest on medium- and long-term debt as investor appetite increases

He State Treasury of Spain managed this Thursday to place 5.054 million euros in a total of four types of bonds and liabilities. -medium and long-term debt- which in all cases were obtained at a lower interest rate. However, demand at the auction turned out to be high, as it exceeded 11.7 billion euros.

auction coefficientthat is, the difference between what investors asked for and what the Treasury ultimately posted was 2.3 times. According to auction data, of the total amount placed this Thursday, the majority – 1.854 million euros – was redeemed. in three-year bonds. The interest rate on this type of debt was 2.280%, lower than the previous 2.582%.

The Treasury sold ten-year bonds totaling €1,500 million, but with a remaining maturity of four years and seven months, at an interest rate of 2.382%, also lower than the previous 2.582%.

In the application, Spain also proposed a thirty-year commitment, but with the remaining service life is sixteen years and ten months. The applied yield was 3.359%, up from the previous 3.534%.

Finally, Fifteen-year inflation-indexed bonds put up for auctionof which €512 million was placed at a marginal yield of 1.304%, also lower than the previous 1.399%.

In total, the State Treasury allocated these 5.054 million euros, an amount that was in the middle of the target planned by the organization, which was to be placed between 4250 and 5750 million euros.

New auction after “Letter”

Treasury auction This is the second day of the month, as last Tuesday 4.791 million euros were sold in six- and 12-month bills at a lower marginal interest rate, but in the case of the latter it was 2.598%, the lowest since December 2022. Six-month notes also sold at a lower yield of 2.919%, the lowest since February 2023.