Spain raised EUR 2.52 billion from medium-term debt auction, exceeding the EUR 2.5 billion maximum target. However, yields increased from the prior issue.
The Treasury said Thursday that it received EUR 979 million from the auction of bonds maturing in July 2015 and EUR 764 million from January 2017 bonds.
The bid-to-cover ratio for 3-year bonds rose to 2.9 from 2.4 times in the March auction. Likewise, demand for 5-year bonds exceeded the issue by 3.7 compared to 2.7 times at the prior auction in February.
The average yield on 3-year bonds rose to 4.037 percent, from 2.617 percent on March 1. The yield for 5-year bonds came in at 4.752 percent, up from 3.565 percent.
The treasury also raised EUR 773 million from bonds maturing in July 2017, at a yield of 4.96 percent. The issue was 3.1 times subscribed.
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.