Spanish borrowing costs soar

Note: This section contains information in English only.
Source: Forexpros

Spain witnessed an increase in borrowing cost as it was selling its debt on Tuesday. Spain's Treasury sold 12-month bonds worth EUR2.4 billion at the average yield of 5.074%, which was a sharp increase from May's 2.985%. 18-month bonds, worth EUR64 million, were sold at the average yield of 5.107%, which is more than May's 3.302%.

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