New Treasury Bill auction: this is the six and twelve month profitability

The month of November begins, like every month of the year, with a new auction of Treasury Bills. As usual, this is a six and twelve month auction, coinciding with the weekly monthly amortization date.

Treasury Bills are fixed income securities that do not pay periodic interest and their profitability is calculated as the difference between the acquisition price and the face value or amortization price of the bill.

The last auction of Treasury Bills took place on October 8. On that occasion it was an auction of the Letters for three and nine months. In the former it was obtained with the marginal profitability in the 3.067%while in the latter it was 2.848%.

The auctions are carried out according to a calendar already set by the Public Treasury.

The profitability of Treasury Bills at six and twelve months

The last auction of six- and twelve-month Treasury Bills was held on October 1. The returns obtained then are those that serve as a reference.

«For the 6 month letters The reference is the marginal interest of the 2.919% of the auction last October 1, while in the Letters to 12 months is he 2.598% from that same auction. In both cases, the Treasury reduced the interest in the last operation,” reports Europa Press.

To invest in Treasury Bills, the minimum request is 1,000 euros and higher requests must be multiples of that amount. The Public Treasury’s strategy for 2024 foresees financing needs of 55,000 million euros.