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Spain 3-Month Letras Auction

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Spain 3-Month Letras Auction

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Status

 
Latest Release
Nov 12, 2024
Actual
2.716%
Previous
3.054%
The figures displayed in the calendar represent the average yield on the Letras del Tesoro auctioned.

Spanish Bills have maturities of less then two years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.

The yield on the Letras del Tesoro represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.

Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
Importance:
Country:
Currency: EUR
Source: Tesoro Público
Spain 3-Month Letras Auction
 
Release Date Time Actual Forecast Previous
Nov 12, 2024 04:40 2.716%   3.054%
Oct 08, 2024 03:50 3.054%   2.822%
Sep 10, 2024 03:40 2.822%   3.190%
Aug 13, 2024 03:40 3.190%   3.293%
Jul 09, 2024 04:40 3.293%   3.374%
Jun 11, 2024 04:30 3.374%   3.584%

News

Spanish borrowing costs decline at 3-and-6-month auction
Spanish borrowing costs decline at 3-and-6-month auction By Investing.com - Dec 18, 2012

Investing.com - Spain saw borrowing costs decline at an auction of three- and six-month government bonds earlier Tuesday, as signs of progress in tackling the euro zone's debt crisis supported...

Spanish 3-Month Letras Auction Discussion

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All Comments (2)
Ekema Ndoko
Ekema Ndoko Dec 16, 2014 4:13AM ET
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Dhananjaya Beminiwatta
Dhananjaya Beminiwatta Dec 16, 2014 4:13AM ET
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EUR/USD up or down?
Dilina Sandika
Dilina Sandika Oct 21, 2014 3:40AM ET
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UP or Down??
 
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