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7 Feb 2013
Spanish borrowing costs rise at auction
The Spanish Tesoro Público held a debt auction on Tuesday during which it sold a total of 4.613 billion euro worth of 2-, 5- and 16- year bonds.
1.95 billion euros of 2-year bonds were auctioned at an average yield of 2.82%, compared with 2.47% seen at the previous auction. 2.07 billion euros worth of 5-year bonds, were sold at an average yield of 4.12% versus the previous 3.77%. The remaining 593 million of bonds maturing in 2029 were auctioned at an average yield of 5.78%, slightly higher than the previously seen 5.55%.
1.95 billion euros of 2-year bonds were auctioned at an average yield of 2.82%, compared with 2.47% seen at the previous auction. 2.07 billion euros worth of 5-year bonds, were sold at an average yield of 4.12% versus the previous 3.77%. The remaining 593 million of bonds maturing in 2029 were auctioned at an average yield of 5.78%, slightly higher than the previously seen 5.55%.