Sunday September 27, 2020

Spain bond sale falls short of top-end target

Spain fell short of its targeted amount at a triple bond auction on Wednesday, prompting a rise in yields on the secondary market as investors await the government's move to trigger European Central Bank bond-buying.

5th December, 2012
2
The Spanish Treasury sold €4.3 billion of bonds

Spain fell short of its targeted amount at a triple bond auction on Wednesday, prompting a rise in yields on the secondary market as investors await the government's move to trigger European Central Bank bond-buying.

The Treasury sold €4.3 billion ($5.6 billion) of bonds compared to a target range of between €3.5 billion and €4.5 billion, including €1.1 billion of its 10-year benchmark.

The 10-year yield fell to 5.290 per cent from 5.458 at the last...

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