One-year Treasury bills have recorded a significant increase, reaching an average interest of 2.83%. This is the highest level in two years, according to expansion.com.
The average interest of one-year Treasury bills has risen to 2.83% in the first auction of September, surpassing the 2.66% recorded in August. This increase marks the highest level since September 2024, when it was close to 3%.
In the six-month bill auction, the yield has also increased, rising from 2.49% to 2.62%, the highest figure since November 2025. This result reflects the growing market expectation of a prolonged period of high interest rates in the eurozone.
The Treasury bills discount a possible increase in the cost of money at the European Central Bank (ECB) meeting scheduled for 10 September, with estimates suggesting it will reach 2.5%. Additionally, the 12-month Euribor has touched 3% on several occasions during August.
The auction experienced strong demand, with a total of 4.4 billion euros in one-year bills and 2.095 billion in six-month bills, exceeding the placed amount by 1.6 times. Non-competitive bids, often associated with retail demand, reached 1.67 billion euros.
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