Spain had to offer a yield of 5.022 per cent to sell €3.2 billion of 12-month and 18-month debt today, compared with 3.6 per cent just one month ago.
Ten-year Spanish yields climbed 17 basis points, or 0.17 percentage point, to 6.28 percent before the auction and remained there after it. The difference in yield, or spread, with German bunds widened 18 basis points to a euro-era record 451 basis points.
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