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Europe Update: Spain T-Bill Auction Results
Spain sold €2.15 billion of 3-year bonds at an average yield of 2.861%, which was below the 3.384% seen at the previous auction. The bid to cover ratio was 1.6 vs. 1.8.
Spain also sold €1 billion of 4-year bonds at an average yield of 3.455%, also below the 4.021% at the last auction. The bid to cover ratio was 3.6 vs. 3.2.
Spain sold €1 billion of 5-year bonds at an average yield of 3.565%, below the 5.544% at December’s auction.
iShares Spain - Last 12 Month
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