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Spanish Bonds Stay Higher as Nation Exceeds Target at Debt Sale

June 7 (Bloomberg) -- Spanish 10-year bonds stayed higher after the nation exceeded its maximum target at a debt sale.

The yield on the securites was 14 basis points lower at 6.14 percent as of 9:51 a.m. London time. Two-year yields were 23 basis points lower at 4.32 percent.

Spain sold 2.07 billion euros of bonds, the Bank of Spain said, compared with the maximum target of 2 billion euros set for the auction.

It sold its benchmark 10-year bond at an average yield of 6.044 percent, compared with 5.743 percent when it was last sold on April 19. Link to Company News:{1841Z SM <Equity> CN <GO>}

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

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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