Yields rise sharply as Spain sells €3B ($4B) of short-term bonds. The maximum yield on €2.01B of 3-month bills is 5.22% vs. 2.35% in October. Bids exceeded supply 2.85 times vs. 3.67 times. The maximum yield on €965M of 6-month paper is 5.33% vs. 3.35%, with the bid-to-cover ratio 4.92 vs. 2.59.