The tension spreads from France to Spain. The Treasury of Madrid this morning placed 1,93 billion of short-term government bonds (3 and 6 months), generally the easiest to place, facing an almost doubling of interest rates on them.
However, demand remained strong, which is not surprising since many lenders are using the purchase of government bonds as a strategy to use the enormous liquidity provided by the European Central Bank.
As regards the quarterly bonuses, Madrid has placed some 725 million. Yields have increasedi at 0,634% from 0,381 in the previous auction and demand covered supply by 7,6 times. Sui semester titles instead the Treasury placed 1,208 billion with yields at 1,58%, from 0,836% in the last auction. Demand, on the other hand, exceeded supply by 3,3 times.
