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Yields rise sharply as Spain sells €3B ($4B) of short-term bonds. The maximum yield on...

Nov. 22, 2011 5:35 AM ETEWP, FXE, ERO-OLD, EU-OLD, URR, DRR, ULE, EUOBy: Yigal Grayeff, SA News Editor6 Comments
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.

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