The Treasury Bills They continue their upward trend in a new round of auctions. Like every beginning of the month, the Public Treasury organizes public debt auctions. This month, the auction will be six and twelve monthsreaching a average profitability of 2.635% to May 5. In total, the agency dependent on the Ministry of Economy has placed 6,462.96 million euros.
According to the definition offered by the Ministry of Economy, Commerce and Business, Treasury Bills are short-term fixed income securities represented exclusively by book entries. Its profitability can be calculated with the reimbursement price of the bill, never less than 1,000 eurosand the acquisition price. Despite this, fewer and fewer households opt for this type of investment.
The profitability of these auctions is the highest since September 2024
This auction will be the highest reached since September 2024 and continues an upward trend that was already evident in the previous edition. However, This rise has only become notable in the twelve-month auctionssince those for six months have fallen, although both have reached figures above 2%. A relevant fact if one takes into account that the first auction of the year closed at 2% and that those held the previous summer did not exceed 1.9%.
According to the calendar established by the Ministry of Economy, the dates defined for the next six- and twelve-month Treasury Bill auctions will take place on: June 2, July 7, August 4 and September 1that is, in the first two weeks of each month as usual. Likewise, letter auctions will also be held at 3 and 9 months next Tuesday, May 12.
The main benefit of Treasury Bills is that investors collect a certain amount on a fixed date
The main objective of these auctions is orobtain financing that guarantees the public spending of the State. Therefore, they become an interesting option for those people who want to invest and obtain a fixed return on their capital. Furthermore, these bills are issued in the short term and at a discount, so Investors will be able to collect a certain amount on a set date.
In the last auction of three-month bills profitability reached 2,123% and that of nine months of 2.471%. While the six-month April auctions had a marginal interest of 2.389% and the nine-month auctions had a marginal interest of 2.651%. In total, 2,033.699 million euros were placed in six-month bills and 4,429.246 million euros in twelve-month bills.
According to the estimates provided by the Public Treasury, this year 2026 it will be necessary a financing of 55,000 million eurosof which 50,000 million will be medium and long term and 5,000 million to issue State Letterswith a term of three, six, nine and twelve months.