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Spanish 10-Year Bonds Stay Lower After Nation Sells Debt

Spanish 10-year bonds stayed lower after the nation sold 4.8 billion euros of three- and 10-year debt, beating the 4.5 billion-euro maximum target.

The 10-year rate was three basis points higher at 5.72 percent as of 9:45 a.m. London time. Two-year yields were little changed at 3.11 percent.

Spain sold the 10-year bonds at an average yield of 5.666 percent, compared with 6.647 percent at an auction on Aug. 2.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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