Spanish Treasury captures $4.5b on the market

MADRID - The Spanish Treasury sold treasury bonds with the value of 3.6 billion euros ($4.5 billion) on the market with lower cost, local media reported on Tuesday.

The Spanish Treasury expected to sell between 2.5 and 3.5 billion euros. The interest rate of Tuesday's auction is the lowest one since last May.

The Treasury sold 1.67 billion euros of the bonds with a three-month lifespan at an interest rate of 0.95 percent, which is below the 2.43 percent of the previous issue held on July 24.

It also sold 1.93 billion euros of six-month lifespan bills at an interest rate of 2.03 percent, which is below the 3.69 percent of the previous auction.

The Spanish stock market in Madrid has improved its situation after suffering critical moments, although these days the risk premium is above the 500 point mark it remained below this figure for several days.

The Spanish stock market and the Spanish government are waiting for the measures that the ECB may implement to alleviate pressure on the markets.