This is the profitability at 3 and 9 months.
He State treasury we’re celebrating a new one today Auction of letters at 3 and 9 months. At the meeting on October 8, the agency is dependent on Ministry of Economy It hopes to place between 1.5 and 2.5 billion euros. In the last issue of this type of paper, the Treasury placed 2,133.65 million euros on September 10 and did so. reduction in proposed profitability both reference lows from a year and a half ago.
In particular, Treasure placed €693.15 million in three-month bills against demand of €1,740.30 million, and the marginal yield was 2.860%, the lowest in a year and a half (March 2023).
For its part, it awarded €1,440.50 million in nine-month bills, which is below claims amounting to €3,146.01 million, and the marginal return was reduced to 3.027%, also for at least more than a year and a half (February). 2023).
Next Treasury Bill Auction
Present day second treasury bill auction month of October. The next date to cross off the calendar will be in November. The first ones will be at 6 and 12 months, and the planned date is the 5th.
upcoming appointments in 2024 with the Treasury, receipt of 3- and 9-month bills will take place on November 12 and December 10.
How many Treasury bills are in the hands of families?
In May, families owned 37.4% of the shares. of all treasury bills in circulation (72.397 million). The figure for May – 27.094 million – is almost double the figure for the same month in 2023 (14.497 million).
The outstanding balance of Treasury bills held by households has risen almost continuously since the beginning of the year, with the exception of February, when it fell by 50 million.
The figure rose from 24.664 million in January to 24.614 million in February, the only drop. Since then, it has increased to 25.823 million in March; 26.650 million – in April; and 27,094 million in May.
How to buy treasury bills
Treasury Letter auction every monthin separate sessions for a period of 6 and 12 months, on the one hand, and 3 and 9 months, on the other. To buy them, the first step is to go to the website of the State Treasury and open a “Direct Account” with the Bank of Spain. If you have an electronic DNI or digital certificate, the customer can purchase directly online by selecting the security they want to purchase from the “Buying and Selling Securities” section and transferring the amount. Another option is to come to a Bank of Spain branch in person and make an appointment, which can be booked online.
What is the yield on Treasury bills?
Citizens do not know what benefits letters to next auction when making an offer to purchase, so it is possible to specify the minimum interest rate at which you are willing to purchase, but you risk being left out of the auction if it closes with a lower type. Most buyers prefer to make non-competitive offers and stick to the auction price without imposing conditions.
What is the amount of each treasury bill?
He nominal amount each letter is 1000 euros, therefore, the investment will always be this amount or a multiple of it. Treasury bills do not follow the same interest-earning system as other savings products because they are discount issues. This means that, at the time of issue, these securities are purchased at a price below the par price in order to receive 1,000 euros as payment at maturity, with the difference between the two amounts representing the profit received. For example, if a bill is purchased at 3%, 970 euros will be paid when buying it at auction, so the Treasury will later return 1,000 euros.
Treasury bill prices
In case you need return the money invested before the end of the stated amortization period, the Notes may be sold before they reach maturity, but the client may lose money depending on how much the rates offered by the Treasury have increased since they were purchased. If Letra was acquired at a lower profitability the price that will be willing to pay for title on the secondary market will be lower than the original purchase price than the price offered by the government agency at the time of sale.
How to declare profit received in Letters
Profits realized from this type of issue are considered capital gains and are therefore subject to capital tax. Personal income (IRPF). Depending on the amount received, the same tax will apply as on any savings income. Thus, on the first 6,000 euros there will be a rate of 19%, on amounts from 6,000 to 50,000 euros – 21%, on amounts from 50,000 to 200,000 euros – 23% and on amounts exceeding this last figure – 28%.