After Athens, today it is Madrid that earns a big round of applause. The Spanish government bond auction was a great success. The Treasury has placed 4,515 billion of short-term securities with a notable decline in yields.
For the annual Bonos, Madrid has placed some 3,533 billion at a yield that at most reached 3,207%, a clear decrease from the peak of 3,990% reached in the last auction of 17 July. The average return was calculated at 3,07%.
It has also found buyers billion Bonos at 18 months. In this case, the decrease in the interest rate was almost one percentage point: from 4,24% to 3,34%, with a peak of 3,45% against 4,350%.
Good response from the markets: the Bonos-Bund spread is at its lowest since May, at 470 basis points, and theIbex scores +0,21% at the Madrid Stock Exchange.
