The Spanish Treasury placed this morning 3,99 billion Bonos at 2, 3 and 5 years. Compared to the September auction, demand has improved. Of securities maturing in 2015, 1,28 billion were placed and interest increased to 4,028% against 3,91% in September. But demand has grown to 1,98 compared to 1,5 last time.
For securities maturing in two and five years, the last auction was in July and a significant drop in yields was noted. The rate on the two-year Bonos fell to 3,282% from 5,204% and 1,28 billion were placed. Madrid sold 710 million five-year bonds at an average interest rate of 4,766%, down from 6,459% at the last auction.
In Madrid, the Stock Exchange is swinging and gaining 0,02%. The spread with the German Bunds is up slightly to 439 points.
