Summary of Spain's Short-term Treasury Bond Auction: Winning Amounts and Yields

⑴ Spain held an auction of two tranches of treasury bills on Tuesday, raising a total of approximately 1.6 billion euros. ⑵ The 3-month treasury bills raised 655 million euros, lower than the previous auction's 750 million euros, with an average yield of 2.652%, a slight increase from the previous 2.635%. ⑶ The 9-month treasury bills raised 948 million euros, lower than the previous 1.38 billion euros, with an average yield of 2.936%, a slight decrease from the previous 2.960%. ⑷ The bid-to-cover ratio for the 3-month treasury bills was 3.0, higher than the previous 2.5; for the 9-month treasury bills, it was 3.3, also higher than the previous 2.1.