Spanish Treasury Sees Smooth Transition to Higher Rates

The transcript discusses a recent bond sale, highlighting its success despite less generous pricing compared to previous sales. It explores the role of the ECB in the bond market, particularly as it steps back from buying debts, and the implications for investor behavior. The conversation also addresses inflation concerns across the Eurozone and the ECB's strategies to manage inflation expectations. Finally, it covers Spain's green debt sales, noting their success and future plans for issuance.

What was the size of the recent bond sale compared to the average?

• €40 billion compared to an average of €60 billion

• €60 billion compared to an average of €40 billion

• €50 billion compared to an average of €70 billion

• €70 billion compared to an average of €50 billion

What is the main challenge as the ECB steps back from buying debts?

• Reducing the interest rates further

• Increasing the bond prices

• Finding new investors to maintain a broad base

• Decreasing the bond issuance

What is the ECB's primary objective concerning inflation?

• To allow inflation to fluctuate freely

• To eliminate inflation completely

• To increase inflation to 5% in the short term

• To keep inflation close to 2% in the medium term

How has the green bond program performed in recent auctions?

• It has been discontinued due to lack of interest

• It has been very successful with increasing investor interest

• It has struggled to attract investors

• It has remained stable with no significant changes

What was the initial and recent basis point change for the green bond?

• Initially five, then dropped to two

• Initially three, then dropped to one

• Initially two, then rose to seven

• Initially seven, then rose to ten