IGCP conducted two auctions of Treasury bonds, with the highest bid amount.
It was announced that on Wednesday, Portugal invested 1 billion euros in about 6 and 10 years of national debt (OT) at a lower interest rate, which is the highest indicative amount.
According to the IGCP website that manages public debt, in Bloomberg, 700 million euros are placed in the OT due on October 17, 2031 (approximately 10 years) at an interest rate of 0.397%, which is lower than the registered 0.505% on May 12 In an auction with a similar deadline, the auction amount was 551 million euros.
The total demand is 1.074 billion Euros, which is 1.53 times the allocated amount.
With the expiration on October 15, 2027 (about 6 years), Portugal today invested 300 million euros at an interest rate of -0.162%, which is also lower than the last comparable auction on March 10, when 625 million euros were invested. -0.086%.
The demand reached 1.298 billion euros, which was 4.33 times the allocated amount.
IGCP announced that there will be two auctions of government bonds today, with a period of October 15, 2027 (approximately 6 years) and October 17, 2031 (approximately 10 years), with a total instruction amount of between 75 and 1 billion euros.
Banco Carregosa Investment Director Filipe Silva said that sovereign debt yields have generally risen since the beginning of the year and peaked in May, but have reversed in recent weeks. This trend, the risk premium of a sport Portugal also reflects this.
“The more cautious speeches of central bank officials about the possible slowdown of asset purchase plans and even withdrawal of stimulus measures support this movement,” he said.