Investing.com - Spain saw borrowing costs fall to the lowest level since September 2010 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 EUR1.18 billion worth of ten-year government bonds at an average yield of 4.269% earlier in the day, down from 4.503% at a previous auction last month.
In addition, Spain sold EUR1.38 billion of five-year debt at an average yield of 3.128%, down from 3.477% at a similar auction last month.
In total Spain’s Treasury sold EUR3.515 billion worth of debt, above the full targeted amount of EUR3 billion.
The yield on Spanish 10-year bonds stood at 4.292% following the auction.
Meanwhile, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.15% to trade at 1.3600.
European stock markets remained mixed following the auction. Spain’s IBEX 35 Index dipped 0.1%, the EURO STOXX 50 fell 0.1%, France’s CAC 40 declined 0.25%, Germany's DAX was flat, while London’s FTSE 100 eased up 0.25%.
Spain’s Treasury sold EUR1.18 billion worth of ten-year government bonds at an average yield of 4.269% earlier in the day, down from 4.503% at a previous auction last month.
In addition, Spain sold EUR1.38 billion of five-year debt at an average yield of 3.128%, down from 3.477% at a similar auction last month.
In total Spain’s Treasury sold EUR3.515 billion worth of debt, above the full targeted amount of EUR3 billion.
The yield on Spanish 10-year bonds stood at 4.292% following the auction.
Meanwhile, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.15% to trade at 1.3600.
European stock markets remained mixed following the auction. Spain’s IBEX 35 Index dipped 0.1%, the EURO STOXX 50 fell 0.1%, France’s CAC 40 declined 0.25%, Germany's DAX was flat, while London’s FTSE 100 eased up 0.25%.