Business · Markets · 21 hrs ago

Spain to hold Treasury bill auction Tuesday and bond auction Thursday

Spain to hold Treasury bill auction Tuesday and bond auction Thursday

Spain’s Treasury plans two debt auctions next week to raise money for the state.

The first, on Tuesday, will offer Treasury bills that mature in three and nine months.

In the most recent auction, three-month bills had a marginal interest rate of 2.464%, while nine-month bills were sold at 2.783%.

The second auction, on Thursday, will offer bonds and obligations.

The auctions come as government bonds are being sold in secondary markets amid concerns about US economic policy, the US deficit and the strength of the dollar.

The sources do not give the amount Spain plans to raise or the results of the upcoming auctions.

Sources

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