Spain today placed medium-long term government bonds worth 4,016 billion euros. Interest rates fell on 2018 and 2021 maturities, while they increased on bonds maturing in 2023.
In detail, the yield of the union 2018 (placed for 1,381 billion) fell to 3,592% from 3,598% in the last auction, while the coverage ratio fell from 4,1 to 2,2.
The interest rate is also declining union 2021 (allocated for 1,118 billion), down to 4,353% from 4,477%. Bid-to-cover dropped from 2,1 to 2,0.
Finally, the title 2023 1,517 billion was assigned at an average rate of 4,765%, up from 4,517% at the last auction. The bid-to-cover decreased to 1,8 from 2,5%.
