The first treasury bond auction of the year was concluded successfully. IGCP traded 10-year and 15-year bonds at a 1.5% and 2.045% rate, respectively.
Portugal issued on Wednesday €1 billion, the maximum amount announced, in 10- and 15-year treasury bonds with interest falling to minimums in the shorter period, as announced by Portugal’s debt management agency IGCP.
According to the agency on Bloomberg, €705 million were issued in treasury bonds maturing on 15 June 2029 (about 10 years) at the interest rate of 1.568%, below the yield seen on 14 November 2018 (1.908%) and the previous minimum level of 1.670% on 9 May 2018.
The 10-year treasury bond demand was €1.53 billion, 2.17 times the amount placed.
The treasury bonds maturing on 18 April 2034 (about 15 years) had €295 million placed at a yield of 2.045%, below the previous comparable auction of 11 July 2018 (2.257%), with a demand of €675 million, 2.29 times the amount placed.
The agency had announced two auctions at 10 and 15 years, with an overall indicative amount between €750 million and €1 billion.