Spain Joins France to Sell $17 Billion in Bonds
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Spain and France sold 13.05 billion euros ($17 billion) in debt, with both countries raising what they’d targeted amid rising borrowing costs.
Spain sold 2.54 billion euros of two- and 10-year securities and France raised 10.5 billion euros in debt out of an 11 billion-euro goal. The yield on the 10-year Spanish benchmark was 5.743 percent compared with 5.403 percent when it last sold it in January. France’s five-year notes had an average yield of 1.83 percent today, up from 1.78 percent on March 15.