Spanish debt held by foreigners reaches highest level in 20 months (Bankia)

The Spain’s Treasury successfully placed 4.008 billion euro of treasury bills (more than expected) to 5 and 10 years. The weighted average cost of total of the auction was 4.09%, compared to the 4.25% at the same auction in July and which is the smallest percentage since September 2010. The Spanish Government is exploiting the increased interest for riskier debt and the possibility that the German bonds go down, which increases the appetite of the peripherals.

The Treasury has already placed 79.8% of its emissions targets for the medium and long term and 73% of the total.

The Spanish public debt held by foreigners portfolio reached 250.162 million euros in July, the highest level since January, 2012. In addition, the schedule for the next four months of 2013 includes 49 billion euros, almost everything in the short term.

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