Spanish borrowing costs fall at short-term debt auction

FXstreet.com (Barcelona) - The Spanish Tesoro Público held a debt auction on Tuesday during which it sold a total of 4.057 billion euros worth of 3- and 6- month Letras, at the top of the the maximum target of 3-4 billion euros.

1.74 billion euros of 3-month bonds were auctioned at an average yield of 3.299%, compared with 5.76% seen at the previous auction. 2.263 billion euros worth of 6-month paper, were sold at an average yield of 2.45% versus the previous 2.31%.