The Spanish Public Treasury begins the November auctions this week, and will do so with two bids, one for six- and twelve-month bills, and another for State bonds and obligations.
The first auction, for letters, will take place next Tuesday, November 5and that of bonds and obligations, on the 7th.
Both sessions will coincide with several events that maintain uncertainty in the market, since on November 5, the US holds presidential elections, and on the 7th, the Federal Reserve (Fed) will announce its decision on interest rates.
That Thursday, the Treasury will auction a new reference five-year bond among investors; 30-year State obligations, and other inflation-indexed obligations with a residual life of nine years and one month.
The last time the Treasury appealed to the market was on October 17, when it placed 5,115.9 million euros in debt for seven, ten and twenty-four years at a slightly lower interest rate.
The Spanish Treasury will return to the market at a time when the yield on ten-year Spanish debt is trading higher, at around 3.1%.
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