Saturday, July 12, 2014





Spain pays sharply lower rates in bond auction


February 16. 2013 8:06PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Spain's Treasury has sold nearly 4 billion ($5.01 billion) in short-term debt auctions that saw investors accepting much lower interest rates, reflecting easing concern that the country will need a full-blown bailout.


The Treasury says it sold 1.67 billion in three-month bills at an average interest rate of 0.95 percent, down from 2.43 percent in the last such auction July 24.


It sold 1.93 billion in six-month bills on a yield of 2.03 percent, down from 3.69 percent.


Demand was strong for both bills.


Spain's borrowing rates have fallen back recently on hopes the European Central Bank will intervene in markets to lower them, helping Spain avoid needing a sovereign bailout.


The sale Tuesday comes ahead of talks between Prime Minister Mariano Rajoy and European Council President Herman van Rompuy.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds