Investing.com - Spain saw borrowing costs ease slightly at an auction of ten-year government bonds on Thursday, as traders continued to monitor steps in handling the euro zone's ongoing debt crisis.
Spain’s Treasury sold EUR2.325 billion worth of ten-year government bonds at an average yield of 4.898% earlier in the day, down from 4.917% at a previous auction.
In addition, Spain sold EUR1.032 billion of five-year debt at an average yield of 3.557%, down slightly from 3.572% at a similar auction last month. Madrid also sold EUR1.156 billion of two-year debt at an average yield of 2.275%.
In total Spain’s Treasury sold EUR4.51 billion worth of debt, above the full targeted amount of EUR4 billion.
The yield on Spanish 10-year bonds stood at 5.20% following the auction.
Meanwhile, the euro held on to losses against the U.S. dollar, with EUR/USD falling 0.17% to trade at 1.2912.
European stock markets remained lower following the auction. Spain’s IBEX 35 Index declined 0.7%, the EURO STOXX 50 lost 0.8%, France’s CAC 40 dropped 1%, Germany's DAX slumped 0.8%, while London’s FTSE 100 retreated 0.7%.
Spain’s Treasury sold EUR2.325 billion worth of ten-year government bonds at an average yield of 4.898% earlier in the day, down from 4.917% at a previous auction.
In addition, Spain sold EUR1.032 billion of five-year debt at an average yield of 3.557%, down slightly from 3.572% at a similar auction last month. Madrid also sold EUR1.156 billion of two-year debt at an average yield of 2.275%.
In total Spain’s Treasury sold EUR4.51 billion worth of debt, above the full targeted amount of EUR4 billion.
The yield on Spanish 10-year bonds stood at 5.20% following the auction.
Meanwhile, the euro held on to losses against the U.S. dollar, with EUR/USD falling 0.17% to trade at 1.2912.
European stock markets remained lower following the auction. Spain’s IBEX 35 Index declined 0.7%, the EURO STOXX 50 lost 0.8%, France’s CAC 40 dropped 1%, Germany's DAX slumped 0.8%, while London’s FTSE 100 retreated 0.7%.