Treasury will hold the first August debt auction today

The Public Treasury of Spain will carry out the first debt auction of the month of August today, in which it will put up for sale among investors bonds and obligations with four different time periods.

As detailed by the agency, 10-year State bonds, bonds with a residual life of 3 years and 9 months, bonds with a residual life of 4 years and 4 months and bonds with a residual life of 6 years and 3 months will be put up for auction.

The bid comes after the decision of the European Central Bank (ECB) to raise interest rates by a quarter point to 4.25% at its last meeting on July 27, in which it left open the possibility of pausing the increases or increase them again in future meetings.

This August the Treasury will hold two more bill auctions, one on the 8th for those of 6 and 12 months and another, on the 16th, for 3 and 9 months.

The agency announced last Friday that it was suspending the bid for bonds and obligations on August 17.