Spanish treasury places 2.236 bln euros at negative interest rates
Xinhua, October 20, 2015 Adjust font size:
The Spanish treasury placed on Tuesday treasury bills valued at 2.236 billion euros (2.541 billion U.S. dollars) on the market at negative interest rates and registering a demand of more than 8 billion euros.
A total of 1.951 billion euros worth of nine-month treasury bills carried an average interest rate of minus 0.006 percent, which was above the 0.031 percent of the previous issue held in September.
The placement also included 285 million euros worth of three-month treasury bills that fetched an average interest rate of minus 0.081 percent compared to the minus 0.111 percent of the previous auction.
After the auction, Spain's risk premium stood at 120.90 points and Spain's 10-year bond interest rate at 1.78 percent. (1 euro = 1.14 U.S. dollars) Endit