Spain Sells EU4.1 Billion of Bonds at Auction; Yields Fall
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Spain sold 4.1 billion euros ($5.8 billion) of 10-year and 30-year bonds as borrowing costs eased and demand increased.
Spain sold 3.22 billion euros of 10-year bonds at an average yield of 5.162 percent, compared with 5.2 percent on Feb. 17, the last time similar-maturity securities were sold, and in the market before the sale. It sold 911 million euros of 30-year debt at 5.875 percent, down from 5.957 percent at an auction last month, the Madrid-based Treasury said.