The amount invested in Aforro certificates rose again in March, in homologous terms, to 36,481 million euros, representing a growth of 7.3%, according to data released by Banco de Portugal (BDP).
This amount, the highest invested in Aforro (CA) certificates since the beginning of the BDP series in December 1998, represented an acceleration compared to the homologous growth of 5.1% in February.
In net terms, CA’s Stock in March grew by 2,486 million euros compared to the third month of 2024, while in jail, the climb was 726.3 million euros.
After a strong demand, driven by the Euir -rise, the CAs began to lose interest from aforers when, in June last year, the series of marketing certificates (‘Series E’) was replaced by ‘F Series’, with a lower interest rate.
Still, investors once again opted for this instrument, which more than compensated the divestment on Treasury Certificates (CT), which retreated in March to 9,291 million euros, minus 154 million euros than in February and a break of 12.2% in homologous terms.
The amount invested in CT, now at the lowest since April 2016, has been consecutively descended since October 2021, when it reached a maximum of 17,865 million euros.
According to statistical data from the Treasury and Public Debt Management Agency – IGCP, new CT emissions were six million euros in February, while the exits (rescues) totaled 148 million euros.
The lowest value in Ca was registered in November 2012, when Portugal was complying with the rescue plan and the unemployment rate fired, then accounted for 9.7 billion euros in investment in these securities.
The data this Tuesday released by the BDP also record that the direct debt of the state increased by 2.6% in homologous terms, to 294,863 million euros, despite the chain decrease of 1,741 million euros.
In other debt instruments, in homologous terms, Treasury Obligations (OT) and Treasury Tickets (BT) grew, respectively, 7.6% and 31.3%, to 170,523 million euros and 8,970 million euros, although in jail they followed different directions: the NT OT balance grew 1.015 million euros through March, while BT retreated, while 935 million euros.
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