Spain and France plan €13.5bn in bond sales today

Spain and France plan to raise as much as €13.5 billion in debt today as Prime Minister Mariano Rajoy’s struggles to meet deficit targets and the French presidential elections drive up yields.

Spain is issuing as much as €2.5 billion in two and 10 year bonds, while France has set a maximum target of €11 billion for securities including 2017 notes and 2018 inflation-linked debt.

Scrutiny of both countries is increasing ...