スペインの財務省は46億1000万0000ユーロの国債を発行。2年国債は金利が2'889%(前回は2'587%)で19億4700万0000ユーロ、5年国債は金利4'169%(3'808%)で20億6900万0000ユーロ、16年国債は金利5'822%で5億9300万0000ユーロ。
El Tesoro rompe la racha y paga más por colocar su deuda a largo plazo
El instituto emisor rebasa sus objetivos máximos al emitir 4.610 millones en bonos
El interés de los títulos a dos años pasa del 2,58% al 2,88% y a cinco del 3,80% al 4,16%
También vende obligaciones para 2029 con una rentabilidad del 5,82%
La prima de riesgo baja a 375 puntos tras llegar a tocar los 387 a primera hora
Álvaro Romero Madrid 7 FEB 2013 - 13:56 CET
The Treasury breaks the streak and pay more to place their long-term debt
The central bank exceeded its maximum targets by issuing 4,610 million in bonds
The interest of the Two-year changes from 2.58% to 2.88% and five of the 4.16% 3.80%
Also sold bonds in 2029 with a return of 5.82%
The risk premium falls to 375 points after reaching 387 to play the first hour
Alvaro Romero Madrid 7 FEB 2013 - 13:56 CET
The Treasury on Thursday broke the streak and has been forced to raise interest to place their titles, which has not happened so far this year. Nevertheless, no major problems had to place all paper planned. In fact, it has surpassed 100 million the maximum target set for the operation by placing 4,610 million euros in bonds to two to five years, and debt maturing in 2029.
So, two years, the central bank has placed 1.947 million with a marginal interest before closing the last issuance of 2.889%, above the 2.587% that was enough to deliver in January and the highest rate since last October. He has also put on the market 2,069,000 in five-year bonds. The profitability of these securities has risen from 3.808% a month ago to 4.169%. Finally, has sold 593 million in bonds maturing in 2029 at a rate of 5.822%. Demand has doubled the offer, which represents a high level and shows that Spanish public debt is still well received by investors.
However, the reappearance of the nerves in debt over this week has taken its toll to the Treasury. Analysts attribute the shift to the political tensions of the corruption scandal in Spain and the Italian elections, which brings a large dose of uncertainty to markets. And investors take bad with uncertainty.
moreForeign investment suffers record fall in 2012The Treasury ended the year with a cushion of 35,000 millionPolitical tension in Spain and Italy breaks the calm in the markets
Also, the fact that they came to record a significant improvement thanks to the help of the ECB plan, however, was unfounded. In fact, the political tensions of the papers published by El Pais Barcenas were added to the doubts motivated by the recession, banking and unemployment, problems that remain unresolved. For this reason, it was a matter of time that the slightest sign of weakness, the tables were turned, especially the role of market speculators and investors who think more in the short term.
This morning, moreover, has never seen an increased pressure against Spanish debt in the hours before the auction, which analysts consider normal by the desire of investors to try to get the best price on the emission .
Thus, the risk premium for Spain, which is the spread between the yield at which they buy and sell 10-year bonds in the secondary market to the Germans at the same time, has come to play early in the 387 points Basic (3.87 percentage points). The rally was held because the interest of these bonds has been about 5.5% for the first time since Dec. 11. Then, however, has slowed the pressure and the risk premium has come down compared to the end of yesterday to 375 basis points, six less.
After this auction, the Treasury has already issued 23,010 million in debt in the medium and long term and 8890 million in letters. To ensure state funding for this year, a year in which must attract some 230,000 million, the Treasury will make next week touring the United States to meet with institutional investors, as indicated from the Ministry of Economy. These meetings "are common" to explain the state of reforms and attract foreign capital, added from the department heads Luis de Guindos.
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