Borrowing costs decrease as Spain sells its debt

On Thursday, Spain witnessed a decrease in its borrowing costs as it was selling the government debt. Spain's Treasury managed to sell 5-year bonds worth EUR710 million at the average yield of 4.766%, which was a sharp fall from a figure of 6.456% in the last month. The yield on 2-year bonds also declined from 2.798% to 2.282%, whereas 3-year bond yield rose to 3.956% from a September's 3.845%.