Spain earns EUR 4 bln in bond auction, demand up

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Source: RTTNews
© Scanpix/Reuters
Spain raised 3.99 billion Euro in the debt auction on Thursday on continuing uncertainty over the necessity of a bailout. The benchmark yield on a new 3-year note surged to 3.956%, compared to 3.845% at the preceding auction on Sept. 20. The bid-to-cover ratio advanced to 2 times, compared to 1.56 last time. Demand for 2014 debt exceeded supply 2 times from 1.9 previously.
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Thu, 04 Oct 2012 12:23:48 GMT

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