Spain sells long-term bonds, yields rise: reports
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By
William L. Watts
LONDON (MarketWatch) — The Spanish Treasury on Wednesday sold 3.372 billion euros ($4.85 billion) of 10- and 13-year bonds, but saw yields rise. The average yield on the 10-year bond rose to 5.472% from 5.162% in a previous auction in March, while the 13-year bond saw its average yield rise to 5.667% from 4.248% in a November 2009 auction, news reports said. Spanish yields have risen in recent days on growing speculation that Greece may move to restructure its sovereign debt. The euro
/quotes/comstock/21o!x:seurusd EURUSD
+0.6156%
extended a gain versus the dollar following the auction and changed hands in recent action at $1.4498, a rise of 1.1% from Tuesday.
/quotes/comstock/21o!x:seurusd
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1.4873
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+0.6156%
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April 28, 2011 3:19a
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