The State of Spain, through the Public Treasury, announced that it will conduct two separate debt auctions next week: a short‑term Letras auction on Tuesday and a longer‑term bonds and obligations auction on Thursday, aiming to secure funding for the government.
The Treasury, a body dependent on the Ministry of Economy, Trade and Enterprise, will hold an auction on Tuesday for 6‑month and 12‑month Treasury bills.
The Spanish Treasury announced that it will conduct an auction of three- and nine‑month Letras on Tuesday, at a time when the benchmark 10‑year Spanish government bond yield is near 3.8%, the highest level since the end of 2023.
The Spanish Treasury will hold its first September auction of short‑term government securities, issuing 6‑month and 12‑month Treasury bills, while secondary‑market yields on the debt stand at about 3.7%.