The Treasury launches the October issues with auctions of State bills and bonds

MADRID, 2 Oct. (EUROPA PRESS) -

The Public Treasury, a body dependent on the Ministry of Economic Affairs and Digital Transformation, returns to the markets next week and will auction 6 and 12-month bills, in addition to State obligations, thus beginning the issues corresponding to the month of October.

Specifically, the Treasury will issue 6- and 12-month bills on Tuesday, while on Thursday it will auction State bonds with a residual life of 6 years and 4 months, with a 6% coupon; State bonds indexed to inflation with a residual life of 8 years and 2 months and a 1% coupon; State bonds at 10 years, with a 2.55% coupon and State bonds with a residual life of 28 years and 1 month and a 1% coupon.

In recent auctions, the Treasury has had to pay investors more for debt securities, coinciding with rate hikes by the Fed and increases in the price of money also by the ECB.

After this week, the calendar of the public body establishes that the Treasury will return to the markets on October 11, with an auction of 3 and 9-month bills, which will be followed by another on the 20th of State bonds and obligations with the which will close the month.

In accordance with the financing strategy, the Public Treasury maintains the net debt issuance forecast for 2022 at 75,000 million, practically similar to the figure for 2021 (75,138 million), while it estimates that the gross issuance will be reduced by 10% compared to last year, up to 237,498 million euros.

As in recent years, the bulk of the expected gross issuance will be concentrated in Treasury bills and in government bonds and obligations.