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 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.

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Yields rose to 5.23% after 3.302% at the previous auction.

AB