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.

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