Yields remain high as Spain sells €4.9B ($6.3B) of short-term debt, above a target range of...

|By:, SA News Editor

Yields remain high as Spain sells €4.9B ($6.3B) of short-term debt, above a target range of €3.5-4.5B. Spain auctions €4.2B of 12-month paper at 2.8% vs 2.82% at a sale last month and €713M of an 18-month bill at 3.03% vs 3.02%. The focus now switches to Thursday, when Spain hopes to kick off its 2013 funding program with sales of bonds that mature in 2015, 2017 and 2021.