The online fixed income broker Auriga Bonos announced this Friday that it will allow through its platform access to the auctions of five European public issuers for individuals starting with a minimum investment of 1,000 euros.
The entity has specified that it will give access to the primary market for new issues of Treasury bills from Spain, Germany, Italy and Belgium, to which the European Union itself is added, while it has foreseen returns of over 3% - thanks to the aggressive monetary policy of the European Central Bank, whose interest rates are now at 4.5%, to tackle high inflation.
Auriga Bonos has pointed out that bills are an "excellent alternative" to invest in the short term compared to bank deposits, which offer a lower return, and fixed income investment funds, with higher costs and which require a greater entry. of capital to alleviate this effect.
The company has framed this new availability after investment in Treasury bills increased by 550% among individuals in the period from January to November 2023, to a volume of almost 24,000 million euros, compared to 3,700 million in January 2023.
The new service has no cost for the subscription operation and the investor has to pay a single commission for the custody of their securities of 0.2% per year, said the company, which has announced that it plans to add them to the platform. the issues of three other European countries, as well as corporate and government bonds.
