New auction of Treasury Bills: this is the three- and nine-month profitability

The Public Treasury celebrates this Tuesday, November 12, a new auction of Treasury Bills corresponding to three and nine months. This is the last one this month.

The previous auction of three- and nine-month Treasury Bills took place last October. On that occasion, the Treasury placed 468,981 million offering a marginal interest of 3.067% in three-month bills and 2.848% in the case of nine-month bills.

It should be noted that 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 auctions are carried out according to a calendar fixed. In the case of six and twelve month loans, it coincides with the week in which the monthly amortization occurs. Those from three and nine months to seven days.

The profitability of Treasury Bills at three and nine months

In the auction this Tuesday, October 8, the agency dependent on the Ministry of Economy has placed 468,981 million euros in three month letterswith the marginal profitability in the 3.067%up from the previous 2.848%.

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.