Spain Sells Bonds at Record-Low Yield as Rajoy Touts Rebound
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Spain auctioned three-year notes at the lowest yield on record as bonds from Europe’s most-indebted nations rallied and the government upgraded its assessment of the Iberian country’s economy.
The Treasury sold notes maturing in April 2017 at an average yield of 1.595 percent, the lowest at a three-year auction since Bloomberg started compiling the data in 2004. The sale, which also included debt due in 2026 and 2028, raised 5.91 billion euros ($8 billion), the largest amount for an auction of bonds in a single day since January 2012.