Spanish two-year notes stayed higher after the nation’s borrowing costs fell as it sold 3.6 billion euros of 84- and 168-day bills.
The two-year rate was five basis points lower at 3.69 percent as of 9:46 a.m. London time, dropping for the first time in five days.
Spain sold 1.9 billion euros of the 168-day bills at an average yield of 2.026 percent, down from 3.691 percent at a similar sale on July 24. The rate on the 84-day bill was 0.946 percent, compared to 2.434 percent in July.
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