Spain’s borrowing costs eased at the country’s latest bond auction where it raised 4.8bn euros (£3.84bn) after selling three and 10-year bonds.
There was strong demand for the 10-year bonds, with investors bidding for nearly three times the amount on offer.
The average yield was 5.66%, down from 6.65% at the previous auction, and below the 5.95% average for the year.
The government’s borrowing costs have fallen since the European Central Bank announced its bond-buying plan.
via BBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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