Spanish notes rise again after debt auction

Spain’s two-year notes advanced for a third day as the nation raised its maximum target at a sale of securities due in October 2014 and January 2022.

19th April, 2012
Spanish notes rise again after debt auction
The Spanish debt auction "wasn’t as bad as could have been expected,” said one analyst.

Spain’s two-year notes advanced for a third day as the nation raised its maximum target at a sale of securities due in October 2014 and January 2022.

German bunds were little changed before a report that economists said will show US sales of previously owned homes increased in March, sapping demand for safer assets. France’s bonds slipped after it sold conventional and index-linked debt.

Spanish 10-year yields held above rates seen in the...

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