Spain has sold €3.2B of 12- and 18-month bills, with the 12-month priced to yield 2.62% vs. 1.4% one month ago and the 18-month 3.11% from 1.71%. The auction beat hopes for €3B in sales - as good an excuse as any to buy sharply sold-off Spanish shares, which were +0.8% midday in Europe. Yields on 10-year bonds were -17 bps at 5.90% at midday in Europe in the secondary market. (Source - Reuters)
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