Spanish treasury places bills worth 3.9 bln euros on market

The Spanish treasury successfully placed on Tuesday treasury bills valued at 3.965 billion euros (4.557 billion U.S. dollars) on the market despite current tensions within financial markets.

A total of 3.590 billion euros worth of nine-month treasury bills carried an average interest rate of 0.022 percent, showing no variations when compared with the previous auction held on July 21.

The placement also included 375 million euros worth of three-month treasury bills that fetched an average interest rate of -0.072 percent as opposed to the -0.053 percent of the previous issue held in July.

After the auction, Spain's risk premium stood at 136 points and Spain's 10-year bond interest rate stood at 2.053 percent.

The Spanish treasury will hold another auction in September after placing in August 17.815 billion euros on the market. (1 euro = 1.15 U.S. dollars) Endite