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Spain, Madrid places 4,6 billion Bonos in 12 and 18 months: rates down, demand ok

Madrid exceeded the target it had set by 100 million – Yields are down: interest on annual bonds drops to 2,8% while for 18-month bonds to 3,072% – Demand is good.

Spain, Madrid places 4,6 billion Bonos in 12 and 18 months: rates down, demand ok

The Treasury of Madrid has successfully closed the first auction of government bonds after the announcement of the anti-spread plan by the president of the European Central Bank (ECB) Mario Draghi. 4,6 billion Bonos were placed at 12 and 18 monthsHowever, the decline in yields has not been excessive and demand has diminished in one of the two types of Bonos issued. 

As regards the annual titles the Treasury was forced to offer a maximum interest of 2,978 %, less than the 3,2% at the end of August. While for bonds a 18 months the maximum yield was of 3,15 % against 3,45% of the last auction. 

Meanwhile, on the secondary market, the ten-year Bonos fell to 5,92%, from 6% at the opening, and the spread with the German Bund stands at 430 points, slightly up on the declines of recent days but far from 600 points in July.  

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