Spain Tops Target at Bill Sale as Greece Eases Funding
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Spain sold 4.09 billion euros ($5.3 billion) of bills, beating its maximum target, and its borrowing costs fell after European finance ministers agreed to ease the terms on Greece’s aid program.
The Treasury in Madrid, which set an upper goal for the sale of 4 billion euros, sold three-month bills today at an average 1.254 percent, compared with 1.415 percent on Oct. 23, and six-month debt at 1.669 percent, down from 2.023 percent.