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Spain: negative yields for medium-term bonds

The indexed Spanish government bond maturing in 2019 recorded a negative yield of 0,286% – Two-year and ten-year bonds were also placed: yields up on the April auction.

Spain: negative yields for medium-term bonds

For the first time since the beginning of the crisis, the Spain finance its debt at negative rates, at least in the medium term. The Spanish Treasury placedo today a total of 4,464 billion euros of government bonds on maturities 2017 and 2025 and on the indexed maturities 2019. 

It was precisely this latter security that recorded a negative return of -0,286%, from 0,148% in February, on a total placement of 885 million euro.

The bond maturing in October 2017 was assigned for 2,397 billion at an average yield of 0,193%, up 0,133% on the placement in April, while the 2025-year bond maturing in April 1,182 was assigned for 1,882 billion at a yield of 1,282% , against XNUMX% in April. 

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