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Spanish treasury places 4.9 bln euros on market at negative interest rates

Xinhua, January 19, 2016 Adjust font size:

The Spanish treasury placed on Tuesday treasury bills valued at 4.9 billion euros (5.33 billion U.S. dollars) on the market at negative interest rates, registering a demand of more than 10.2 billion euros.

A total of 4.42 billion euros worth of 12-month treasury bills carried an average interest rate of -0.06 percent, compared to the -0.024 percent of the previous issue.

The placement also included 481 million euros worth of six-month treasury bills that fetched an average interest rate of -0.105 percent, compared to the -0.069 percent of December.

The auction was a success considering the result of the general elections in December last year in which no political party won a majority to form government, a fact that could have worry investors. (1 euro = 1.09 U.S. dollars) Enditem