Decent demand at Spanish debt auction, yields fall

FXstreet.com (Barcelona) - The Spanish Tesoro Público held a debt auction on Thursday, during which it sold a total of 4.03 billion euros worth of 5- and 10-year bonds, exceeding the maximum target of 3-4 billion euros. Rates have fallen to lower levels than seen in October.

2.4 billion euros of 5-year bonds were auctioned at an average yield of 2.871%, compared with 3.059% seen at the previous auction. 1.148 billion euros worth of 10-year Obligaciones, were sold at an average yield of 4.164% down from the previous 4.164%.