Spanish 10-Year Bonds Erase Decline After Bill Sale Meets Target
Spanish 10-year bonds erased a decline after the nation sold 3.04 billion euros ($3.8 billion)of bills, compared with a maximum target of 3 billion euros the Treasury set for the first auction since the nation agreed to a European bailout for its banks.
The yield on the 10-year security was little changed at 7.15 percent as of 9:49 a.m. London time, after earlier rising four basis points to 7.19 percent.
Spain’s two-year notes pared a drop. The yield was four basis points higher at 5.49 percent after climbing as much as 10 basis points to 5.55 percent.
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