Spain has placed 12 and 18-month government bonds for a total of 5,04 billion euros, in an expected range of between 4,5 and 5,5 billion, recording sharply declining interest rates.
Strong demand from investors, equal to over 12 billion (2,14 times the amount offered, slightly down from 2,27 in the previous auction), given the recovery of the markets and the maxi-injection of liquidity by the ECB .
One-year Bonos yield fell to 1,418% from 1,899% at the February auction. The rate on 18-month securities instead fell to 1,711% from 2,308%, with a bid to cover of 2,93, up from 2,88.
