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Juan Esquer explained the issuing of 6.100 million Tresury Bills at the lowest interest rate since November

The Tresury issued 6,100 million euros in 12 and 18 month bills today with the lowest interest since November, 2010, and received an overwhelming response with demand triple the amount placed.

Juan Esquer, partner at GBS Finance, explained that the result of the two auctions today, in Spain and Greece, went very well, remembering that in previous days the country had raised its risk premium, measured by the difference in domestic and German national bonds for the same time period.

This is due to the investors’ interest for higher return, and explains why in recent days the spread exceeded 215 basis points while the previous week it had not exceeded 200 points.