The last one closes with another positive result bot auction. The Treasury sold on the market this morning all 8,5 billion of 12-month bonds on offer. The interest rate has dropped significantly to 0,864%, from 1,456% in the previous December transaction. It's about yield lowest in the past three years, i.e. since January 2010. The question, over 15,7 billion euros, almost doubled the offer.
Following the placement, the BTP-Bund spread returned below the threshold of 270 basis points, while Business Square travels in positive territory by almost half a point.
In the same minutes Spain also recorded encouraging results in a new auction of government bonds. Madrid raised a total of €5,816 billion on two-, six- and 13-year issues with yields down sharply, while demand grew compared to previous auctions.
After the announcement of the auction results, i gross returns on XNUMX-year Bonos outstanding Spaniards are back below the psychological threshold of 5% for the first time since last March. The spread with respect to Bunds, on the other hand, fell to 350 basis points.
