Good results for the Spanish Bonos auction. Madrid placed short-term securities for the day a total amount of 3,01 billion euros, the maximum target envisaged, with rates in sharp decline.
In detail, the Spanish Treasury has placed three-month bonds for 860 million with an average yield of 0,120%. at its lowest since 2009 and clearly down compared to the 0,285% of the previous auction and nine-month securities for 2,16 billion. The rate, in this case, fell from 1,007% to 0,787%.
Consequently, the spread between the ten-year Bonos and the equivalent Bunds also decreased, slipping to 313 points, for a yield of 4,33%.
