The Spanish Public Treasury will inaugurate the auctions for the month of October this week, and it will do so after it has already issued 146.860 million euros, or almost 85% of its medium and long-term financing program for 2024.
According to the official Treasury calendar, Spain will appeal to the market this Tuesday, October 1 with a auction of six and twelve month bondswhile on Thursday October 3, he will offer bonds and debentures.
Concretely, the Treasury will auction three-year bonds; fifteen-year inflation-indexed bonds; other obligations with a residual duration of four years and seven months; and others that expire in 2041 (remaining life of sixteen years and ten months).
The last auction organized by the Treasury took place after the 24th, when it placed a twelve-year syndicated bond linked to European inflation.
Spain placed 4,000 million euros in the said bond, with a demand of more than 50 billion, the largest recorded in the history of inflation-linked bonds in Europe.
This strong demand was twelve times greater than the amount issuedwhich was one of the largest oversubscriptions recorded by the Treasury for any duration.
The aforementioned Treasury auctions will take place a few days later Risk premium France (difference in profitability of its bonds compared to the German one, considered the safest) exceeded the Spanish one, which had not happened since 2007, after the French government recognized that the public deficit could exceed 6% of GDP this year.
After this week’s two auctions, The Treasury will not return to the market until the 8thwhen it will offer three and nine month bills, and on the 17th, bonds and debentures.
