MADRID, Oct. 17 (Xinhua) -- The Spanish treasury successfully placed on Thursday treasury bonds valued at 2.54 billion euros (3.47 billion U.S. dollars), paying lower interest rates and registering a high demand.
A total of 900 million euros worth of bonds with a 3-year lifespan had an average interest rate of 2.06 percent, which was below the 2.22 percent of the previous issue held on Sept. 19.
The remaining 1.64 billion euros worth of bonds fetched an average interest rate of 3.05 percent, also below the 3.12 percent of the previous issue.
The relative calm in the IBEX-35 stock market in Madrid is positively affecting auctions held by the Spanish treasury.
The agreement reached within the U.S. congress that avoided a debt default of the world's biggest economy also boosted optimism in the Spanish market. After the auction, Spain's 10-year bond interest rate stood at 4.29 percent while the risk premium stood at 239 points.
According to the government, the financing agenda of the Spanish treasury is causing increases in Spain's public debt that reached 944.68 billion euros in the first eight months of the year as reported on Thursday by the Bank of Spain.
This figure represents 92.38 percent of the country's GDP and decreased by 3.15 billion euros since July after three consecutive months of rises. However, despite this drop, the debt increased by 17.9 percent in the first eight months of the year when compared with the same period of 2012. (1 euro = 1.37 U.S. dollars)