Madrid, June 16 (.).- The Spanish Public Treasury will hold this week the last auction scheduled for the month of June, in which it will offer five-year bonds, ten-year obligations and others with a residual life of seven and ten years. months.
The last time that Spain appealed to the market was on June 11, when it placed 2,000 million euros in three- and nine-month bills which, in the case of the former, came out at a lower profitability, 3.4%. the lowest since a year ago.
On the other hand, the Treasury placed nine-month bills at a marginal interest of 3.5%, compared to 3.439% in the May bid.
During these weeks, investors have been closely monitoring central banks, since the European Central Bank (ECB) decided on June 6 to lower interest rates for the first time since 2016.
On the contrary, this week, the US Federal Reserve (Fed) has decided to keep rates unchanged, and has estimated a single cut for 2024, compared to the two or three that the market was considering.
After this Thursday’s auction, the Treasury will not appeal to the market again until July 2, when it will offer investors six- and twelve-month bills.
Two days later, on June 4, it will offer new bonds and obligations of the State.
