Spain sold 3 billion euros (2.68 billion pounds) of three- and five-year government bonds on Thursday, in a sale which analysts said went well thanks to domestic support offsetting concerns about contagion from renewed pressure on lower-rated euro zone debt.
France also sold 8.4 billion euros of 2020, 2021 and 2029 bonds in a well bid auction.
Borrowing costs for the five-year Spanish bonds rose by 32 basis points from a previous auction on May 5 to 4.871 percent. The sale comes a day after Moody's cut Portugal's debt rating to junk, souring appetite for peripheral euro zone bond issues.
The yield on the 2014 bond was 4.291 percent. The shorter-dated paper was last auctioned as a five-year bond in January 2010.
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