Spain paid more than what it did last month to place its short-term debt on Tuesday, despite better demand, amid rising concerns that the country is set to seek a full bailout.
The country raised EUR 3.05 billion from the sale of its 3- and 6-month treasury bills, which was slightly more than the EUR 2 billion - EUR 3 billion target.
The Spanish Treasury sold EUR 1.63 billion of the 3-month bill to yield 2.434 percent, which is higher that the 2.362 percent paid in the previous auction on June 26. The bid-to-cover ratio, which reflects demand, rose to 2.94 from 2.60.
The country placed EUR 1.42 billion of its 6-month paper at yield 3.691 percent, up from 3.237 percent in the previous sale on June 26. Demand was 3 times the offer, better than 2.82 times last month.
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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.