Spain achieves successful bond sale
Spain carried out a successful auction of government bonds yesterday achieving its lowest borrowing rate since February this year.
In all €4.61 billion in government bonds were sold with the average yield on 10 year bonds falling to 5.46% from an average of 5.91% this year. Three year bonds average yield fell to 3.23% from an average of 3.83% this year.
Bidding volumes were also higher this time than in previous auctions.