Spain to Reduce Bond Sales as 2016 Net Issuance Shrinks 11%

  • Nation cut net funding target by 5 billion euros on Tuesday
  • Treasury said to be open to selling more bonds due in 2064

Spain’s 5 billion-euro ($5.7 billion) reduction in net issuance planned this year will come almost entirely from lower sales of bonds rather than bills, according to a Treasury official.

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