Spanish bond yields are on the rise after a sluggish auction of €3.6B in 5 year notes priced to...

|By:, SA News Editor

Spanish bond yields are on the rise after a sluggish auction of €3.6B in 5 year notes priced to yield 4.49%, lower than the last sale, but with sluggish demand - bid/cover of 1.76. Buyers in the secondary market, the ECB is not allowed to participate in auctions. Spanish 10 year +7 bps to 5.11%.