The Spanish Treasury has today issued €2.01bn in 3 month debt with a bid to cover of 2.9, but at a yield of 5.11%.
The last time around the bid to cover was 3.1 and yields 2.292%.
Another €970m of 6 month debt were issued at 5.227%, with the bid to cover coming in at 4.92, versus the 2.6 ratio seen at the last auction.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Yields rose to 5.23% after 3.302% at the previous auction.
AB
-
Fund flows rose in April but did investors sell in May?ISA season prompted the highest level of inflows into investment funds during April but the mood may have changed in May
-
Pension Scheme Bill: what’s changing and what it means for youThe government’s latest reforms to pensions are designed to make saving for retirement easier and better value for money – but will they leave you better off?
