Spanish auction result: Sold a total of Eur 2.58 bln of 3/6 mth T bills

Out of a targeted Eur 2-3 bln

Sold Eur 1.5 bln of 3 mth T bills , cover 3.5 (prev 4.0), yield 0.381% from 0.396% last time

Sold Eur 1.08 bln of 6 mth T bills, cover 5.6 (prev 10.2), yield 0.836% from 0.764% last time

Lower cover and under the full potential allotment, but better yields in the 3’s and worse in the 6’s … No noticeable reaction in the EUR/USD