Spain Raised 2 Billion Euros at 6.04% - 7.6.2012
Spain sold 10-year bonds at an auction today at a yield of 6.04 per cent, higher than a previous sale at 5.74 per cent yield, however the demand for the 10-year bonds was 3.3 times higher the amount sold. In other words, the borrowing costs for Spain increased but the target was topped. The Spanish government overpassed its 2 billion-euro target at this bond sale two days after a government official reported that the Spanish access to the financial markets is narrowing. In the secondary market the Spanish yield on 10-year bonds fell by 7.5 basis points to 6.152 per cent.
IFCM Trading Academy - New era in Forex education
Pass Your Course:
IFCM Trading Academy
is for all levels of Forex, CFD and Crypto Trading Education
Bitcoin is New Gold!
Now you can trade CFDs on Crypto with IFC Markets
See Also
Market Analysis Lab from Our Top Experts