MEXICO CITY (CNNExpansión) – Investors paid him for the first time to Spain to lend.
On Tuesday, the Spanish Treasury issued bonds to six months with a rate of return of -0.002%. This means that Spain charged for issuing short-term debt.
In their emissions to 9 and 12 months, the rates of return are very close to that level, registering 0.048% and 0.006%, respectively. The total placement Tuesday started 4.646 million euros in the medium range forecast of between 4,000 and 5,000 million.
In this way, the Spanish Government joined other countries already granted negative interest on their bonds as Austria, Denmark, Finland, Holland, Switzerland and Germany.
In the case of German instruments, investors will also pay the State for paying in installments of five years.
The reason behind this trend is, in part, by the bond purchase program of the European Central Bank for 60,000 million euros per month.
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