Spanish Debt Auction Meets Maximum Target as Demand Declines
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Spain sold 4.49 billion euros ($6.2 billion) of debt, in line with its maximum target, and demand fell after European leaders raised the prospect of Greece leaving the euro region.
The Treasury in Madrid said it sold five-year benchmark bonds today at an average yield of 4.848 percent, compared with 4.489 percent last time they were sold on Sept. 1. It also sold debt due in 2014 at 4.27 percent, compared with 3.589 percent when notes of a similar maturity were sold last month.