Spanish treasury places 3.5 bln euros on market

MADRID, Aug. 26 (Xinhua) -- The Spanish treasury on Tuesday placed treasury bills to the value of 3.5 billion euros (4.619 billion U.S. dollars) on the market, registering a high demand of almost 9 billion euros.

A total of 1.106 billion euros worth of three-month treasury bills carried an average interest rate of 0.034 percent, below the 0.127 percent of the last auction held on July, 22.

The remaining 2.394 billion euros worth of nine-month treasury bills fetched an average interest rate of 0.107 percent, also below the 0.205 percent of the previous issue held last July.

Meanwhile, Spain’s 10-year bond interest rate stood at 2.196 percent on Tuesday morning after the auction and Spain’s risk premium stood at 125 points. (1 euro = 1.32 U.S. dollars)