The Public Treasury of Spain has placed 5,337.38 million euros this Thursday in the fourth auction of the year, and the last of the month of January, in this case of bonds and government obligations in the medium and long term, with a lower interest rate to that of the last auctions with similar characteristics in most of the amount awarded.
According to the auction data consulted by EFE, the Treasury has sold 2,345.5 million in obligations with a residual life of five years, with a marginal interest rate of 2,633%, almost half a point below that which resulted in the previous bid. (2.677%).
It has also awarded obligations with a residual life of 17 years and six months for an amount of 1,401.36 million at 3.22%, which is almost forty basic points below the interest rate that resulted in the last operation, which amounted to 3.601%.
Finally, a third auction was held today in which investors have acquired 1,590.52 million with a yield of 2.723%, 54 basis points higher than the 2.669% that resulted from the previous bid for this type of debt.
The amount requested by investors has risen to almost 9,200 million, almost double the amount finally awarded, which indicates that the demand for public debt in Spain is increasing significantly.
Last Tuesday the Treasury also carried out an auction of letters in which it placed more than 2,000 million, with which this week the awarded public debt increased to almost 7,400 million.
The cost of issuing debt has been rising for more than a year due to the change in the monetary policy of the European Central Bank (ECB), which in 2022 has raised rates from 0% to 2.5% and has reduced its purchase programs sovereign debt. Spain plans to issue in 2023 a debt for a total of 70,000 million euros net.