Spain sold a total of Euro 3.75 bln in today’s auctions out of possible 3.75 bln
Sold 1.2 bln euros of 2015, bid to cover 2.7 ( vs 2.1 last), yields 5.187% vs 3.639%
Sold 1.15 bln euros of 2016, bid to cover 2.8, yield 5.276%
Sold 1.4 bln euros of 2017, bid to cover 2.7 (vs 1.8 last), yield 5.544% vs 4.782%
Better bid to cover ratio and EUR/USD holding firm in the high 1.3480’s