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Spanish Bond Auction: Rates Rises But Demand Is There

by The TopStock Team

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PIGI’S Update: Spain T-Bond Auction

Although rates rose, Spain completed a successful T-Bond auction Thursday.

Spain’s treasury sold €2.75 billion of 2014 bonds at an average yield of 4.037%, which is above the previous auction’s rate of 3.568%.

The bid-to-cover ratio (a measure of demand for the bonds) was 2.5 vs. 1.8 at the previous auction.

 

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