Spanish treasury places €2.51bn on market

Spanish treasury placed treasury bills valued at 2.510 billion euros (2.663 billion U.S. dollars) on the market on Tuesday at very low interest rates and registering a high demand of more than 8.270 billion euros.
A total of 410 million euros worth of three-month treasury bills carried an average interest rate of 0.004 percent compared to the previous 0.001 percent of the last auction held in February.
The placement also included 2.100 billion euros worth of nine-month treasury bills that fetched an average interest rate of 0.048 percent compared to the 0.122 percent of the previous auction held in February.
After the auction the Spanish risk premium fell below 90 points and Spain's 10-year bond interest rate stood at 1.209 percent.
So far, the Spanish treasury has placed around 45.700 billion euros of medium and long-term debt on the market, which represented 32.2 percent of Spain's financial goal for the year. The treasury will hold the following auction on April, 7.