Treasury meets sales goal with low rates

Markets are wary because the results of the United States Federal Reserve's last meeting will be published, possibly shedding light on the Fed's economic stimulus plans. With this news in the background, the Spanish Treasury could turn to global markets in order to sell debt.

Through issues of 6- and 12-month bonds the Treasury was able to place 4.147 billion euros at interest rates close to what it secured this May. Not only did it exceed expected goals, but the Treasury finished its debt sales before the risk premium climbed from 254 basis points to 263 basis points.

Next week a new bond issue will take place, but the real hour of truth will arrive on September 5 when national 3-, 5- and 10-year treasury bonds will go on sale.