© Scanpix/AFP
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On Thursday Spanish Treasury sold 10-year
bonds worth € 3.562 bn at a rate of 7.088% the highest yield since foundation
of euro. However, the bond denotes new series, thus it cannot properly be
compared with results after prior 10-year note auction. Borrowing costs on 10-year Italian
notes were above 7.0%. The markets are looking forward for French domestic bond
auction.