Email
MADRID (AP) — Spain beat expectations when it sold €5.6 billion ($7.5 billion) in short-term debt in a sign of continuing investor confidence in the government's handling of its finances.
The Treasury sold €2.55 billion in six-month bills at an average rate of 0.86 percent compared with 0.89 percent in the last such auction Jan. 22. It placed €3.02 billion in 12-month bills Tuesday for a yield of 1.55 percent, up from 1.47 percent Jan. 15.
Spain's borrowing costs have fallen in recent months as fears the country might need a bailout have eased. But the trend halted last week amid allegations of slush fund payoffs in the past within the ruling Popular Party.
US
International
India
Россия
Română
Singapore
South Africa
México
Indonesia
Brasileira
