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Spanish borrowing costs fall below 2% at short-term debt auction

By FXstreet.com,  January 15, 2013, 05:26:00 AM EDT

FXstreet.com (Barcelona) - The Spanish Tesoro Público held a debt auction on Tuesday during which it sold a total of 5.7 billion euros worth of 12- and 18- month Letras, exceeding the maximum target of 5.5 billion euros.

3.2 billion euros of 12-month bonds were auctioned at an average yield of 1.472%, compared with 2.665% seen at the previous auction. 2.5 billion euros worth of 18-month bonds, were sold at an average yield of 1.687% versus the previous 2.778%.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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