Demand was not lacking, but returns skyrocketed. The Madrid Treasury's three- and four-year Bonos auction saw a request for almost 8 billion euros: the demand/supply ratio is therefore almost three times. Eventually they were placed 2,49 billion euros, of which 1,5 in bonds maturing in 2015 and the remaining billion in four-year bonds.
As regards the three-year bonuses maturing in January 2015, the yield rose to 4,421%, from 2,96% of the last April auction. While bonds maturing at July of the same year the interest rate increased to 4,917%, against 4,06% previously.
the Bonos at four years old instead the Treasury paid a average yield of 5,106%, from 3,428% in the last auction.
Piazza Affari also increases the reduction: the Ftse Mib loses 0,79% following the announcement of the Spanish placement. And the spread between BTPs and German Bunds rises again on the bond market, reaching 340 points.
In Europe all the main price lists travel in red: Frankfurt loses 0,52%, Paris 0,54% and London 0,65%. The Athens Stock Exchange index also declined by 0,90%.
