Spanish borrowing costs drop at bill auction

FXstreet.com (Barcelona) - The Spanish Tesoro Público held a debt auction on Tuesday during which it sold 12- and 6- month bonds at lower yields than seen at the previous sale.

3.75 billion euros of 12-month bonds were auctioned at an average yield of 0.961%, down from 1.367% seen at the previous auction. 0.82 billion euros worth of 6-month bonds were sold at an average yield of 0.672%, compared with the previous 0.911%.