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Euro Stays Weaker Versus Yen as Yields Rise at Spanish Bill Sale

July 24 (Bloomberg) -- The euro stayed weaker against the yen as Spain’s borrowing costs rose as it sold 3.05 billion euros of 84- and 175-day bills.

The 17-nation currency was 0.3 percent lower at 94.70 yen as of 9:46 a.m. London time. It was little changed at $1.2114.

Spain sold the 84-day securities at a yield of 2.434 percent compared to a rate of 2.362 percent at an auction on June 26. The 175-day bill was sold at a yield of 3.691 perent, comapred to 3.237 percent at the previous sale.

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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