Yields Continue to Fall at Spanish Bond Auction
October 4, 2012 @ 8:19 AM EST
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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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Stress Tests on Spanish Banks Show...
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German IFO Business Climate Index Continues Slide
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ECB to Launch Unlimited Bond Buying Program
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Eurozone Services PMI Remain Weak
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