Spain sells €3.95B of eight and nine year notes at comparable yields to the last time it...

|By:, SA News Editor

Spain sells €3.95B of eight and nine year notes at comparable yields to the last time it sold such paper. Demand is healthy, with bid-cover ratios varying depending on the exact note, but all coming in at 2:1 or greater. Yields are a bit higher in the secondary market, the 10 year up 6 bps at 5.41%.