State auctions €1,023 billion in bonds

in News · 10-07-2019 15:00:00 · 0 Comments
State auctions €1,023 billion in bonds

Portugal auctioned today (10 July) €1.023 billion, the maximum amount it announced, in 10 and 26-year treasury bonds with yields falling to all-time minimums in the short issue

According to the agency on Bloomberg, €753 million was auctioned in 10-year bonds maturing on 15 June 2029, at a yield of 0.510%, below the previous comparable auction on 12 June, which saw €625 million at an interest rate of 0.639%, which was also a historical minimum.

The 10-year bond demand was €1.188 billion euros, 1.58 times the amount placed.

In treasury bonds maturing on 15 February 2045 (about 26 years), there was €270 million at a yield of 1.426%, with demand reaching €455 million, 1.69 times more the amount issued.

Regarding the previous auction of about 26 years, held on 14 March 2018, Portugal placed €275 million euros at the interest rate of 1.778% and the demand reached €1.661 billion euros, 1.70 times the amount placed.

The agency had announced for Wednesday the auctioning of two treasury bonds with maturities on 15 June 2029 (about 10 years) and on 15 February 2045 (about 26 years) in a total indicative amount between €1,000 and €1.25 billion.


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