Official data: high demand for Austrian bonds
Vienna on May 8 / WAM / Austria succeeded in raising $ 1.5 billion, by offering federal bonds, which contributed to covering about 60% of its expected financing needs for the current year.
Official data showed the high demand for Austrian bonds, in an index that reflects the confidence of investors in the financial situation of Austria.
The Austrian Federal Finance Agency announced the increase in the volume of bonds for ten years by 900 million euros, and the bonds due in 2044 by 600 million euros, with a return of 2.943% on the bonds for ten years, while the return on the bonds due after 19 years is 3.402%.
Marcus Stex, Director of the Austrian Finance Agency, expressed his satisfaction to increase the demand for the purchase of Austrian bonds, and said that “the capital market is very eager to buy Austrian federal bonds”, which reflects the continued confidence in the credit wall of Austria and expressed his satisfaction with the shrinking difference in interest rates with Germany, to 40 basis points, pointing out that he has not yet reached the long medium of 30 points Basis.
The Austrian financial expert considered that the interest rates returned to its “natural level”, explaining that the interest of the Austrian bonds was priced, based on the reduction of the interest rate of the European Central Bank by 25 basis points, and this means high interest rates on long -term bonds.
Stex pointed out that the demand for Austrian bonds was much higher than the situation in April, and this was due to the relative stability of the interest rates recently.
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