Queues At The Banco De España To Buy Treasury Bills

MADRID, SPAIN - FEBRUARY 03: People queue to buy Treasury Bills at the Bank of Spain on February 3, 2023, in Madrid, Spain. Letras del Tesoro are public debt securities with a high yield. In order to make the purchase in person at the Bank of Spain, it is necessary to use the direct account service, which are securities accounts opened at the Bank of Spain by citizens to manage the public debt they buy. The last auctions of bills of exchange have been at a yield of almost 3%. (Photo By Carlos Lujan/Europa Press via Getty Images)