Thursday, April 19, 2012

Spain's borrowing costs increase at bond auction

Breaking news

Spain's borrowing costs rose at a debt auction on Thursday, but it managed to sell all of the bonds it was offering.

The 10-year bonds were sold at a yield of 5.743%, up from 5.403% when the bonds were last sold in February.

The rate for two-year bonds dropped slightly to 3.463% from 3.495% in October.

Spain sold all the 2.54bn euros ($3.33bn; £2.08bn) of bonds it was offering, with demand higher than at the previous sale.



Source & Image : BBC

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