Tue, 19 Jun 2012 11:51:00 GMT
Spanish borrowing costs soar
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%.