He Public Treasury Spanish has carried out an auction of letters in which a total of 2,524,811 million euros, keeping in the expected middle range. This operation was characterized by a Increase in profitability offered to investors both in the letters to three months and in those of reference to nine months, according to the data released by the Bank of Spain.
This auction represents the last operation scheduled for the month of August, since the issuance of bonds and obligations of the State that was scheduled for the 21st was canceled, following this month’s tradition.
Investors continue to show a solid interest in Spanish titles, since the joint demand for both emissions exceeded 5,565 million euros, doubling the amount finally awarded in the markets.
At the auction of Three months lyricsthe treasure placed 900 million euros, compared to a demand of 2,086,617 million euros. The marginal profitability stood at 1,940%, above 1,914% offered in the anterior auction of this type of paper.
On the other hand, in the NINE MONTHS Lyrics1,624,811 million euros were awarded, below the requests that exceeded 3,477 million. Marginal profitability increased from 1.920% before 1,969%.