Spain placed government bonds with maturities between 2014 and 2016 for 4,5 billion euro, the maximum amount of the forecast range, with yields declining following the injection of liquidity by the ECB.
In detail, titles have been placed expiring in April 2014 for a total amount of 1,06 billion euros, average rate at 2,069% and a coverage ratio of 2,8. With regard to the 2015 bonds (placed for 1,91 billion), the average yield has gone from 3,332% at the February 16 auction at 2,16% today, with a bid to cover of 2,4, while for securities maturing in 2016 (1,53 billion) the rate fell to 3,376% from 3,455%, with a coverage ratio of 2,6.
