Spain sells €4.57B of debt at auction, above its target . Three- and five-year bonds yield...

|By:, SA News Editor

Spain sells €4.57B of debt at auction, above its target . Three- and five-year bonds yield 2.247% and 2.789% respectively while a note due in 2026 yielded 4.336% — borrowing costs dropped for all the maturities auctioned compared to the last time comparable debt was sold. Bid-to-covers were 2.34 for the three-year, 2.24 for the five-year, and 1.62 for the 2026 bond.