The treasury is promoted with its war funding. At a time when bills became one of the most demanded goods by private investors, the order led by Carlos Cuerpo sold the debtor thirteen hundred and fourteen thousand copper.
The drop in yields that the debt market has experienced in the last two days was not reflected in this Tuesday’s event. Although investors have begun to tighten their grip on financial stability, after the crisis was introduced by the Silicon Valley Bank, all points to the ECB ahead of raising rates. As its president has already indicated several times on Thursday, the market expects a rise of 50 basis points.
With this scenario as a backdrop, Spain today placed 553.2 million bills of three at 2.67%, higher than the 2.494% of the previous auction. This is the highest concern since 2008. The appetite of Spanish investors is again reflected in the demand. Purchase orders reached 1,749 million, representing a coverage ratio of 3.16 times.
The volume of the issue corresponded to nine months’ bills. Treasury sold 1,300 million at 3.034%. Following the rolling six- and 12-month bills, the nine-month debt exceeds the 3% barrier for the first time in history. The demand reached 4,355 million, representing a coverage ratio of 3,325 times.
Following the trend that prevailed from the beginning, the appetite for private money is maintained. Although the requests remain far from those registered in terms of six and 12 months, the demand has arisen. Non-competitive orders, for which requests are not made at a certain price, and which are those that respond to each individual, for the requests for three months reached 227.95 million, 50.5% higher than the 151.47 of the previous bid. In debt nineteen, the amount stands at 589.61 million, 56.8% more. That is, they represent 45% of the emission.
Follow all the instructions in five days on Facebook Twitter and Linkedin, or on our newsletter Agenda de Cinco Días.
To be done in five days
Major financial institutions of the day, with key and context to understand their purpose
to accept it