Il Spanish treasure has placed today four billion in short-term government bonds. In detail, 1,4 billion three-month bonds were sold with a yield down to 1,254% from 1,415% at the previous auction. As for securities with a 6-month maturity, the Iberian Treasury managed to place 2,6 billion, with a yield down to 1,669% compared to 2,023% in the previous auction.
Good question too. The bid-to-cover was 3,5 times the offer for 2,3-month bonds and 6 times the offer for XNUMX-month bonds. The auction comes the day after the news reported by the newspaper El Pais according to which Spain will ask Brussels over 40 billion euros to save the banking system.
