Spain's borrowing costs continued to climb higher in the latest debt auction on Tuesday as markets remain concerned over the economic prospects of the country.
The Treasury sold a total EUR 2.5 billion of 3 and 6 - month bills, slightly higher than the top target of EUR 2.5 billion set for the auction.
The country raised EUR 1.50 billion from the sale of 3-month Treasury bills. The yield on the debt rose to 0.846 percent from 0.634 percent in the previous auction on April 24. The bid-to-cover ratio, which suggests demand, fell to 3.95 from 7.61.
The agency placed EUR 1.0 billion of 6-month bills at yield 1.74 percent, up from 1.58 percent in the previous sale. Demand was 4.3 times the offer, better than 3.25 percent in the April auction.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.