Yields Continue to Fall at Spanish Bond AuctionOctober 4, 2012 @ 8:19 AM EST
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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Other stories on Europe to review:
Spain Said to be Clost To Formal Bailout Request
European Manufacturing PMI's Uptick in September
Stress Tests on Spanish Banks Show...
German IFO Business Climate Index Continues Slide
German Industrial Production Improves in July
ECB to Launch Unlimited Bond Buying Program
Eurozone Services PMI Remain Weak
- Moody's Cuts EU Outlook
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