Spanish bond auction beats target but yields increase
Spain sold €3.13 billion of bonds today, exceeding a target of €3 billion even as borrowing costs rose before a European Central Bank policy makers’ meeting.
Spain sold €3.13 billion of bonds today, exceeding a target of €3 billion even as borrowing costs rose before a European Central Bank policy makers’ meeting to discuss ways to ease the debt crisis.
* **The markets nervously await the outcome of the ECB meeting. Read a report here.**
The Treasury in Madrid sold its 10-year benchmark bond at an average yield of 6.647 per cent, compared with 6.430 per cent at the last auction...
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