Spaniards queue up at Bank of Spain for treasury bills

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Spaniards queue up at Bank of Spain for treasury bills

STORY: Spaniards queue up at Bank of Spain for treasury bills DATELINE: Feb. 4, 2023 LENGTH: 00:01:38 LOCATION: Madrid CATEGORY: ECONOMY SHOTLIST: 1. various of people waiting 2. SOUNDBITE 1 (Spanish): MARIANO UNTIVEROS, Resident in Madrid 3. SOUNDBITE 2 (Spanish): JERRY CRUZ, Resident in Getafe 4. SOUNDBITE 3 (Spanish): SEBASTIAN GARGOLES, Resident in Madrid STORYLINE: Spaniards have queued up at the Bank of Spain for buying treasury bills for their relatively high interest rate. SOUNDBITE 1 (Spanish): MARIANO UNTIVEROS, Resident in Madrid "I come to buy treasury bills because they give a 3 percent rate. Now, the rest of the bank's money is devalued. They don't give anything, but here they give you at least 3 percent." Spanish treasury bills are securities issued at a discount or at a premium, so their acquisition price can be lower or higher than the amount the investors will receive at the time of redemption. There are treasury bills at 3, 6, 9, and 12 months, as they are short-term securities. The v

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  • Xinhua News Agency.All Rights Reserved
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