Spain faces an important test today with its planned auction of 12-month and 18-month treasury...

|By:, SA News Editor

Spain faces an important test today with its planned auction of 12-month and 18-month treasury bills; Spain suffered weak demand at a bond sale earlier this month, and yesterday the yield on its 10-year bonds rose above 6% while the 5-year CDS spread widened to 523 bps.