Spanish treasury sells 2.5-bln-euro bills at lower yields

Spanish treasury placed on Tuesday treasury bills valued at 2.566 billion euros (2.759 billion U.S. dollars) at lower yields in comparison with previous auctions and registering a demand of more than 9.180 billion euros.

A total of 1.001 billion euros worth of three-month treasury bills carried an average interest rate of -0.029 percent, falling from the previous 0.004 percent.

This was not the first time the Spanish treasury was able to place debt at negative interest rates as on April 7 it placed six-month treasury bills at negative interest rates for the first time in history.

Tuesday's placement also included 1.566 billion euros worth of nine-month treasury bills that fetched an average interest rate of 0.009 percent, which was below the 0.048 percent of the previous issue held in March.

This was the last auction held in April. The Spanish treasury will hold the following auction on May 7.

So far, the Spanish treasury has placed around 58.5 billion euros of medium and long-term debt on the market which represented 41.2 percent of the country's financial goals for the year, 141.996 billion euros. (1 euro = 1.08 U.S. dollars) Endit