スペインの財務省は39億8200万0000ユーロの短期国債を発行、3カ月の手形(国債)は金利は1'25%(前回の8月は0'988%)、6カ月の手形(国債)は金利が2'3%(前回は2'1%)
ESPAÑA DEUDA
España vuelve a pagar más para vender 3.982 millones en letras del Tesoro
Los inversores piden intereses más altos y reducen su demanda por la deuda a 3 y 6 meses
Estos títulos no entran dentro de los planes de Draghi para intervenir en el mercado
Álvaro Romero Madrid 25 SEP 2012 - 08:09 CET
SPAIN DEBT
Spain returns to pay more to sell 3.982 million in Treasury bills
Investors demand higher interest rates and reduce their demand for debt at 3 and 6 months
These securities do not fall under Draghi plans to intervene in the market
Alvaro Romero Madrid 25 SEP 2012 - 08:09 CET
The Treasury has auctioned letters Tuesday to three to six months of 3982.2 million euros, close to the proposed ceiling of 4,000 million, although this has been forced to raise interest against the last operation to the same deadlines in August. It worsens the demand, which dropped slightly from the coverage ratio (versus requested titles sold) of 2.7 times a month ago to 2.5 times.
Specifically, the marginal rates of interest, which are the latest and most high before closing the auction, have risen from 0.988% in August to 1.25% for three-month bills. For securities maturing next March, maximum profitability has offered the Treasury was 2.30%, two tenths higher than they agreed to pay for a month.
The result of the auction, the Ministry of Economy emphasized that Spain continues to fund "special without tensions," he notes, however, that the improvement in the past emissions is not linked to a recovery of confidence in the finances. Instead, what has acted balm has been the announcement by President of European Central Bank (ECB), Mario Draghi, who is ready to intervene in an unlimited debt markets provided countries in distress seek help .
In the case of Spain, investors assume that this will happen sooner rather than later despite the reluctance of the Government to make a decision until he be the one to say how much debt ECB is willing to buy, as reiterated this morning Vice President, Soraya Sáenz de Santamaría. What has already confirmed Draghi is that when you go to buy debt in the secondary markets to keep prices under control, purchasing titles is restricted to one to three years' term, which leaves out the letters auctioned Tuesday .
"We have just seen that it was a transitional auction. The market has a certain caution with what might happen in the short term," said Jose Luis Martinez Reuters, strategist at Citigroup in London.
moreItaly placed 5.436 million with rates under controlInterest expense will exceed that of staff in 2013The Government will launch this week the regional background
On Thursday, the Treasury held its first bond auction since Draghi ensured it was ready to intervene in markets once set forward the interested countries and asumiesen care plan related conditions. Thanks to the truce prompted by the announcement, which was closed for the most placement since January. However, the State focused on 82% of the bonds issued in 4800 to three years, backed by a possible ECB debt purchases, while only 10 years sold 859 million but managed to lower the interest of the latter to 5 , 7%. Two days earlier, Spain placed another 4.576 million euros in letters to 12 to 18 months and in that time, and also thanks to the umbrella Draghi, at a lower interest.
By the end of the year, the Treasury should continue this strong rate of emissions in order to meet the demanding schedule of maturities facing in the coming months, when should return 42,000 million to creditors. Along with this, in the twelve auctions progamadas for the remainder of the year should also raise the necessary funds to finance the deficit, bringing total requirements amounting to some 55,000 million discounting today's broadcast. In the account of the Bank of Spain, meanwhile, the Treasury maintains 19,000 million, with data at the end of August.
0 件のコメント:
コメントを投稿