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Individuals raised their investment in bills to 20,348 million until August

Nature

Madrid, Oct 23 (EFECOM).- Spanish households accumulated an investment of 20,348 million euros in Treasury bills until August, which is about 18,500 million more than at the end of 2022.

According to data updated by the Bank of Spain, in December 2022, Spanish families accumulated 1,826 million euros in Treasury bills, a volume that skyrocketed during the year, reaching 20,348 million euros in August.

In the month of August alone, Spanish families increased their investment in Treasury bills by 1,825 million euros.

The volume reached in August represents 28.6% of the total balance of Treasury bills in circulation, about 71,000 million euros.

The increase in retail investment in Treasury bills has occurred as a result of the interest rate increases that the European Central Bank (ECB) has undertaken to control high inflation.

This has led to this type of products offering a more attractive profitability.

In the last bill auctions held by the Spanish Public Treasury in October, Spain paid an interest of 3.876% on twelve-month bills, and 3.830% on six-month bills.

Last week, the nine-month bills were awarded at a marginal yield of 3.818%, a new historical maximum, and the three-month bills were awarded at 3.590%, the highest since 2011. EFE

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Nature
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