The Spanish Public Treasury will only hold three auctions this month. The last auction scheduled for three weeks from now, more specifically for August 17, in which the Spanish treasury had the objective of placing State bonds and obligations, has been suspended. The Treasury opens the August auctions next Thursday, August 3, and in it it will place 10-year State bonds, State bonds with a residual life of 3 years and 9 months, bonds with a residual life of 4 years and 4 months and obligations with a residual life of 6 years and 3 months.
The bid comes after the decision of the European Central Bank (ECB) to raise interest rates by a quarter of a point until increasing them again in future meetings.
The calendar established by the Treasury also states that the agency will hold two more auctions in August: one for 6 and 12 month bills (8th) and another for 3 and 9 month bills (16th).
In recent Treasury Bill bids, it has been common for demand to outstrip supply in a context of high appetite among small investors for this type of debt given the low profitability of bank deposits.
