Spanish Treasury meets issuance target, but yields climb
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 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
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%
Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the US
Medium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.