Spanish yields decline at debt auction

FXstreet.com (Barcelona) - The Spanish Tesoro Público held a debt auction on Thursday during which it sold a total of 4.71 billion euro worth of 3-, 5- and 10-year bonds, exceeding the maximum target of 3.5-3.5 billion euros.

1.38 billion euros of 3-year bonds were auctioned at an average yield of 2.792%, compared with 3.019% seen at the previous auction. 2.043 billion euros worth of 5-year bonds were sold at an average yield of 3.257% versus the previous 3.598%. Bonds maturing in January 2023 yielded 4.612% compared with the previous 4.898%.