Skip to main content
Advertising

Originally published Wednesday, March 6, 2013 at 7:14 AM

  • Share:
           
  • Comments (0)
  • Print

Rates down as Spain sells $6.5 billion in debt

Spain has sold (EURO)5 billion ($6.5 billion) worth of bonds at a lower cost, in another sign that investors are getting more hopeful over the government's management of the country's debts.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

MADRID —

Spain has sold (EURO)5 billion ($6.5 billion) worth of bonds at a lower cost, in another sign that investors are getting more hopeful over the government's management of the country's debts.

The Treasury said Thursday it sold (EURO)2.44 billion in 10-year bonds at an average interest rate of 4.92 percent, compared with 5.2 percent in the last such auction Feb. 21.

It also sold (EURO)2.01 billion in 5-year bonds at 3.57 percent, compared with 4.12 percent Feb. 7. It also placed (EURO)569 million of 3-year bonds at 2.63 percent from 2.71 percent Jan. 17.

Spain's borrowing rates have fallen recently, partly on the back of the government's deficit-reduction program.

However, the country remains stuck in recession and has unemployment of 26 percent.

News where, when and how you want it

Email Icon

Career Center Blog

Career Center Blog

5 tips for fighting job burnout


Advertising