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Yields Continue to Fall at Spanish Bond Auction

by The "State" Team

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Europe Update: Spanish T-Bill Auction

Spain sold €1.29 billion of 2-year bonds Thursday at an average yield 3.282%, which was below the previous auction’s yield of 5.204%. Demand was solid as the bid-cover 2.03 vs 1.90 previously.

Spain also sold €710 million of 5-year bonds at an average yield of 4.766% vs previous 6.495% . The bid to cover 2.47 vs 2.06 previous.

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