Spain pays to place its six-month debt for the first time since 2015

The Spanish Public Treasury held the first auction in July on Tuesday, in which

has paid for six-month bills, since the marginal interest applied to this type of debt has gone from being negative to positive.

According to the bid data consulted by Efe, the Treasury has placed the six-month bills at a marginal interest of 0.134%, compared to -0.055% in June.

Likewise, Spain has today sold twelve-month bills,

, to 0.702%, from the 0.504% applied in last month's auction.

The amount

euros, which has placed it at the top of the target set by the Treasury.

Likewise, the bid has received a demand from investors of almost 11,000 million euros.

In this way, the auction ratio -difference between what was requested and what was finally placed- has been high, 2.05 times.

Today's auction was the first held by the Treasury this week, as

of bonds: some for thirty years, others for ten years, and others that have a residual life of four years and one month.

Finally, it will auction other obligations indexed to inflation with a residual life of eight years and five months.

rate hike

Once again, the Treasury has had to pay more for its debt in a context of rising sovereign debt yields due to the

that the European Central Bank (ECB) will carry out this month to control inflation.

This rise will be followed by another in September, according to the agency, which has also announced an anti-fragmentation instrument for the euro zone, a measure that is added to the flexible reinvestment of the bonds acquired in the pandemic that began last Friday.

All these measures

, where the yield on Spanish ten-year bonds has fallen to 2.3%, from more than 3% in mid-June.

Conforms to The Trust Project criteria

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