Thu, 14 Mar 2013 15:13:13 GMT
Spain witnesses fall in its borrowing costs
On Thursday, Spanish borrowing costs decreased during an unscheduled auction, since investors were optimistic about debt markets. The Spanish treasury managed to sell 803 million euros of 16, 27 and 28-year bonds. The yields fell to 5.224%, 5.434% and 5.432% respectively. Bid-ask ratio was equal to 4.1.