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Funds People reflects the opinion of Juan Esquer, following the Public Treasury auction

Spain has allocated € 3,528 million today of three and six months treasury bills after receiving a demand for € 9,280 million, almost three times the amount finally offered. Treasury has placed 967 million in three-month bills (compared to € 4,177 million requested by investors) and € 2,560 million in six-month bills (where there has been a demand of € 5,102 million).