The Treasury has today placed 2.074 million euros in three debt issues, in which the bond to ten years, has had to raise the interest to 6.121%, the highest this year.
The issue has covered the maximum amount provided, ranging between 1,000 and 2,000 million euros, and the demand of the entities has been very high of -6.841 million euros, bringing the coverage ratio was 3.4 times .
Despite the rebound in profitability, interest has had to pay Spain for its ten-year bond was lower than the secondary market, where the benchmark ten-year yield was 6.147%.
Of the 2,074 million euros posted today have been 637.94 three years with interest at 4.483%, 3.52% above the preceding, and other 825 to five years with a yield of 5.443%, also above the 4.368 above.
The remaining EUR 611.22 million were awarded to ten years with a yield of 6.121%, three tenths above the 5.778% that was placed debt to ten years in the last issue of this term in April.
The issuance of ten years has also been close to a point below the 7.09% that was placed debt to ten years in November, its highest level since 1997.
Among the factors that have allowed Spain to close its issue today with an acceptable increase in profitability is in first place, according to analysts clarify Saxo Bank, the fact that Germany seems ready to yield to the demands to accept a bailout banking without going through the state.
In particular, is under an agreement that would allow Spain to recapitalize the bank with the help of Europe.
The certainty that Spain will achieve European agreement to clean up its financial sector had an immediate effect on the sovereign debt market, where the risk premium of Spain, which measures the spread between ten-year Spanish bond and the German the same period is relaxing after the issuance of up 472 basis points.
At the close of the previous meeting, the risk premium of Spain reached 494 basis points.
The additional cost that investors demand for buying Spanish sovereign debt against the German and has a record in the two weeks preceding their highest level since the creation of the euro, 540 basis points after the Spanish bond were to go up 6.6%.
Minutes after the broadcast, the profitability of Spanish bond was reduced to 6.103%.