The Spanish treasury on Thursday placed treasury bonds worth 2.102 billion euros (2.279 billion U.S. dollars) in the last auction of the year at higher interest rates and registering a demand of 5.3 billion euros.
A total of 895 million euros worth of five-year treasury bonds fetched an average interest rate of 0.657 percent, which was above the 0.437 percent of the previous issue. The placement also included 606.81 million euros worth of eight-year treasury bonds that fetched an average interest rate of 1.354 percent compared to the previous 1.184 percent.
Finally, the treasury placed 600.1 million euros worth of 25-years treasury bonds that carried an average interest rate of 2. 720 percent. This was the last auction of the year during which the Spanish treasury was able to place debt at very low interest rates, the lowest in history, and in some cases also at negative interest rates. The next auction will be in 2016 as the treasury has already reached the 2015 goal, 139 billion euros. (1 euro = 1.08 U.S. dollars)
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