New Treasury Bill Auction: These are the six- and twelve-month yields

The month begins, as usual, with a new Treasury Bill auction. The agency, dependent on the Ministry of Economy, expects to raise up to 6.5 billion in six- and twelve-month Treasury Bills.

Treasury Bills are fixed-income securities that do not pay periodic interest, and their yield is calculated as the difference between the purchase price and the nominal value or redemption price of the bill.

In the latest Treasury Bill auction, three-month Treasury Bills yielded a marginal interest rate of 2.119% , while nine-month Treasury Bills yielded 1.927% . In total, the agency under the Ministry of Economy managed to place €2.386 billion.

The Treasury Bill auction schedule has been set and, as always, will be held in the first two weeks of the month. These are the upcoming auctions:

The last auction yielded €5.826 billion in this bond. The yields obtained then are the benchmark.

The department under the Ministry of Economy placed 1.8125 billion in 6-month Treasury Bills , with a marginal interest rate of 2.119% . As for 12-month Treasury Bills , the Treasury earned a marginal interest rate of 2.023% and placed 4.01379 billion.

For 2025, the Treasury has increased its forecast financing needs by 5 billion euros, rising from 55 billion in 2024 to 60 billion euros. This is due to the need to respond to reconstruction and provide aid following the disaster that hit Valencia and other towns in Castilla-La Mancha in October.