Spain Meets Maximum Auction Goal, Costs Rise Before ECB Decision

Spain Meets Maximum Auction Goal, Costs Rise Before ECB Decision

Angel Navarrete/Bloomberg

Demand for Spain’s 2015 notes was 2.96 times the amount sold, down from 4.01 at the last auction, while the bid-to-cover ratio was 2.39 for the 2016 securities, up from 2.24.