Thu, 04 Oct 2012 13:07:48 GMT
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