Yields on the rise, but country manages to sell €2.54bn in bonds
This morning’s Spanish bond auction appears to have been a success after the country managed to raise €2.541bn, just above the maximum target of €2.5bn.
The 10-year bonds - the most important as an indicator of maket confidence in the Spanish economy - were sold at a maximum yield of 5.788% but remained below the critical 6% level. A total of €1.425bn were sold.
€1.116bn of 2-year bonds were sold at a maximum yield of 3.463%.
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