Spain Sells 3.4 Billion Euros of Bonds as Demand Increases
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Spain sold 3.4 billion euros ($4.9 billion) of bonds and demand rose even as its borrowing costs increased amid expectations Greece may restructure its debt.
The Treasury said it sold 2.49 billion euros of 10-year bonds at an average yield of 5.472 percent, compared with 5.162 percent at the previous auction on March 17. It also sold 885 million euros of bonds maturing Jan. 31, 2024 at 5.667 percent.