Spain Auctions Debt at Record Lows as Growth Accelerates

Spain’s Treasury sold three-year to 10-year debt at record low yields after the Bank of Spain said growth sped up in the first quarter, underpinning a recovery in the euro region’s fourth-largest economy.

The nation’s benchmark three-, five- and 10-year bonds were sold today to yield the least since the start of series in 2004 and 2005, data released by the Madrid-based central bank showed. The sale took place after the Bank of Spain estimated in its monthly bulletin that Spain’s gross domestic product expanded