Spain Completes Their Largest Bond auction Since January

“Spain sold 4.8 billion euros ($6.2 billion) of bonds, the most since January, as the Treasury focused on short-term notes that would be targeted for central- bank buying in the case of a bailout.

The Madrid-based Treasury sold 3.94 billion euros of a new three-year benchmark at an average yield of 3.845 percent and 859 million euros of its 10-year benchmark at an average of 5.666 percent. That was the lowest since January and compares with 6.647 percent when it was last sold on Aug. 2.”

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