Spanish debt auction witnessed strong demand

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Source: Forexpros

During an auction of Spanish long-term government debt on Thursday, Spain's Treasury managed to sell bonds for EUR638 million, which mature in October 2014. An average yield for the government debt was 4.335%, compared to 3.463% in the previous month. Demand was strong, and the bids exceeded supply 4.26 times, which is more than 3.28 bid-to-cover ratio last month.

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Thu, 07 Jun 2012 16:48:31 GMT

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