Spain's borrwing costs increased

Source: Bloomberg
© Scanpix/Reuters
Spain's borrowing costs increased after instability in Portugal set European bond yields to rise. A bond auction in the capital city showed that demand for Spain's government securities was 3.46 times larger than the amount sold, while bid-to-cover ratio stood at 1.71. The yield on 10-year Spain's government bonds increased 6 basis points to 4.289%.
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