Spanish borrowing costs rise at debt auction

FXstreet.com (Barcelona) - The Spanish Tesoro Público held a debt auction on Thursday during which it sold a total of 4.015 billion euros worth of 5- 8-and 10-year bonds.

1.381 billion euros of bonds maturing in 2018 were auctioned at an average yield of 3.59%, compared with 3% seen at the previous auction. 1.117 billion euros of bonds maturing in 2023 were auctioned at an average yield of 4.35% versus 4.47%. 1.517 billion euros worth of 10-year bonds yielded 4.76%, almost 0.25% higher than 4.51% seen at the previous auction.