Spain beat its maximum target at a bond auction while borrowing costs rose as the government seeks a higher budget-deficit goal for 2013.
The Madrid-based Treasury sold €4.3 billion of debt, more than its top target of €4 billion. It issued new 2016 notes to yield 3.019 per cent, more than the 2.632 per cent yield fetched by October 2015 notes sold on March 7th.
The 2018 notes yielded 3.598 per cent, up from 3.557 per cent the last time...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team