Spain Surpasses Bond Auction Target as Costs Surge

June 21 (Bloomberg) -- Bloomberg's Mike McKee reports that Spain paid the most in at least eight years to sell three-year debt ahead of the publication of its banks’ capital needs that will determine how much the euro area’s fourth-largest economy needs from European rescue funds. The Treasury today sold 2.22 billion euros ($2.81 billion) of bonds, that’s above a 2 billion-euro maximum target for the sale. He speaks on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg)