He Public Treasury of Spain has carried out its first auction of the year, placing a total of 6,205.19 million euros in billsin line with expectations. On this occasion, a reduction was observed in the profitability offered to investors in six-month bills, while it increased for twelve-month issues, according to data from the Bank of Spain.
At the auction, 2,025.96 million euros in six-month billswith a demand that exceeded 3,538.63 million euros. The marginal interest stood at 2.557%, the lowest since December 2022, below the 2.585% of the previous auction for the same type of paper.
On the other hand, In twelve-month bills, 4,179.23 million euros were awardedwith a demand that exceeded 5,745 million. Marginal profitability increased from 2.228% to 2.384%.
The Public Treasury plans to carry out a new issue on Thursday, with the aim of raising between 5,750 and 7,250 million euros through bonds and debentures. On this occasion, 3-year State bonds, 7-year bonds and a 21-year and 10-month bond will be issued. In addition, a 15-year bond indexed to euro zone inflation will be launched.
After these issues, the Treasury plans to hold two more auctions in January, one for three- and nine-month bills, scheduled for January 14, and another for bonds and obligations on January 16.