Portugal is currently holding two auctions of Treasury Bills (BT) at three and 11 months, the first this year for these maturities, with an indicative global amount between 1,000 and 1,250 million euros.

In a statement, the IGCP – Agência de Gestão da Tesouraria e Dívida Pública announced that the maturity of the BTs auctioned today are on May 20, 2022 (months) and January 20, 2023 (11 months).

In the last comparable months, on 16 June 2021, Portugal launched 1,250 million euros high month, equal to the maximum, in BT at three and 11 months, six months more expensive than the previous auctions, on 21 April.

The 11-month data was chosen when jurors at 750 million euros average rate of -0.550% recorded on April 2, 800 million euros were recorded at jury rate of -0.5%.

The three months99 were recorded at 2% of April, 500 million euros at -0.54% at the average rate of -0.54% higher than the average, recorded when they were satisfied 2%, also 99%.

Demand reached 1.605 million euros for 11-month BT, 2.14 times the amount allotted, and 1.355 million euros for three-month BT, 2.71 times the amount allotted.

Today’s auctions are the first of this year in BT with these maturities, after the IGCP will have the cancellation of the holding of another two two-month auction scheduled for August 18 of last year and of only having one BT auction for twelve months in the second half of 2021.

However, this year, on January 19, IGCP placed 1,500 million euros in BT, the maximum indicative amount, but at six and 12 months, with interest rates falling in the shorter term and rising in the longer term, it was then announced.