FXstreet.com (Barcelona) - Spain held a bond auction in the European morning selling 3.001 billion euros worth of bonds out of the 2.5-3.5 target. The average yield on 10-year bonds was at 6.5%, up from the 6.1% seen in June.
It was the first 10-year debt auction held after the EU granted Spain funds for the direct recapitalization of its ailing banks. The Spanish risk premium has risen above 500 points again in the European morning and remained elevated after the auction.
It was the first 10-year debt auction held after the EU granted Spain funds for the direct recapitalization of its ailing banks. The Spanish risk premium has risen above 500 points again in the European morning and remained elevated after the auction.
