Spanish borrowing costs rise again at debt auction

FXstreet.com (Barcelona) - The Spanish Treasury held a debt auction today during which it sold a total of 4.077 billion euro worth of 3- and 5- and 13-year bonds and payed higher interest rates than those seen at the previous auction.

1.58 billion euros of 3-year bonds were auctioned at an average yield of 2.44%, up from 2.24% seen at the previous auction. 1.345 billion euros worth of 5-year bonds were sold at an average yield of 3.00% versus the previous 2.78% . 1.152 worth of bonds maturing in 2026 yielded 4.54%, compared with 4.33% seen previously.