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Auction Spain: rates fall, demand booms

Yields halved: those of 12-month bonds fell to 2,049% from 4,05%, while those of 18-month bonds reached 2,399% from 4,226% – Placed 4,88 billion Letras against requests for 16,7, XNUMX billion.

Auction Spain: rates fall, demand booms

success forToday's auction of Spanish government bonds. Despite Standard & Poor's sovereign rating downgrade, Madrid placed 4,88 billion Letras at 12 and 18 months, in the expected range (4-5 billion) and with yields down sharply compared to the previous auction on 13 December.

Demand boom: the Treasury has received requests for 16,7 billion. The rate 12-month stock price fell to 2,049% from 4,05%, the one at 18 months to 2,399% from 4,226%.

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