These are returns for three and nine months.

It should be noted that treasury bills fixed income securities on which periodic interest is not paid, and their yield is calculated as the difference between the purchase price and the face value or amortization price of the bill.

Auctions are held on calendar fixed. For six- and twelve-month loans, this coincides with the week in which monthly amortization occurs. Those from three and nine months to seven days.

Treasury bill yields after three and nine months

State treasury On Tuesday, November 12, €1,840.2 million was placed. at the auction of three- and nine-month bills within the expected average range. According to data published by the Bank of Spain, this was due to a decline in profitability in both countries.

At the auction, the agency, dependent on the Ministry of Economy, placed 997.294 million euros. three months’ worth of letterswith marginal profitability in 2.739%which is higher than the previous 3.067%.

For its part, it paid 842,959 million euros in nine-month notes with a marginal yield of 2.699%, down from 2.848% at the last auction.

To invest in treasury bills, the minimum request is 1000 euros

and higher requests must be multiples of this amount. The National Treasury’s 2024 strategy foresees a funding requirement of €55 billion.