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16 Apr 2013
Spanish borrowing costs fall at debt auction
FXstreet.com (Barcelona) - The Spanish Tesoro Público held a debt auction on Tuesday during which it sold a total of 5.07 billion euro worth of 6- and 12- month Letras, exceeding the maximum target of 4-5 billion euros.
1.19 billion euros of 6-month bonds were auctioned at an average yield of 0.53%, compared with 0.794% seen at the previous auction. 3.88 billion euros worth of 12-month bonds, were sold at an average yield of 1.235% versus the previous 1.363%.
1.19 billion euros of 6-month bonds were auctioned at an average yield of 0.53%, compared with 0.794% seen at the previous auction. 3.88 billion euros worth of 12-month bonds, were sold at an average yield of 1.235% versus the previous 1.363%.