Spain raised 2.22 bln euros in this mornings’ auctions. Target had been 1-2 bln, so that’s good.
Strong cover as well, although on the negative side they did have to pay up for their funds.
EUR/USD touch firmer at 1.2665 in wake of results.
Spain 2014 bond average yield 4.706% from 2.069% at last auction
Spain 2015 bond average yield 5.457% from 4.876% at last auction
Spain 2017 bond average yield 6.072% from 4.960% at last auction