Spain sells €1.523B of 10-year Letras at higher cost
FXstreet.com (Barcelona) - The Spanish government sold a total of ¬3.88B of 3, 5 and 10-year bonds out of a targeted ¬2.5-3.5B today. The ¬1.712B of 2015 bonos were sold at an average yield of 3.617% (previously at 3.66%), cover at 2.09 (previously at 2.83). The ¬645M of 2017 bonos were sold at an average yield of 4.477% (previously at 3.77%), cover at 2.61 (previously at 2.47). The ¬1.523B of 10-year Letras were sold at an average yield of 5.520%, previously at 5.458%.