Yields Continue To Pull Back at Spanish T-Bill Auction
January 24, 2012 @ 7:13 AM EST
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Europe Update: Spanish T-Bill Auction
Rates continue to come down in the Eurozone’s embattled countries. Today’s T-Bill auction in Spain produced lower rates and strong demand.
Spain sold €1.40 billion of 3-month bills at an average yield of 1.285%, which was below the 1.735% seen at the previous auction. The bid to cover ratio 4.3 vs 2.9 previously.
Spain also sold €1.11 billion of 6-month bills at an average yield of 1.847% vs 2.435% at previous auction. The bid to cover ratio 6.9 vs 4.1 at previous auction.
iShares Spain - Last 12 Month
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