Rates down as Spain sells $5.2 billion in bonds
Updated: Tuesday, 19 Mar 2013, 7:59 AM EDT
Published : Tuesday, 19 Mar 2013, 7:59 AM EDT
MADRID (AP) — Spain has raised €4 billion ($5.2 billion) in short-term debt at a lower cost, in a further reflection of growing investor confidence in the government's handling of the economy.
The Treasury said Tuesday it sold €2.26 billion in nine-month bills at a rate of 1.01 percent, down from 1.14 percent in the last such auction Feb. 19.
It sold €1.73 billion in three-month bills at a yield of 0.29 percent, compared with 0.42 percent last month.
The amount sold met the Treasury's target while demand was more than double the total offered.
Spain's borrowing costs have dropped in recent months with investors less wary since European authorities announced the country would be helped, if needed, to handle its debt.
The economy is stuck in recession, however, with 26 percent unemployment.
Email This
Print This
View Story on a Single PageAdvertisement
Advertisement
Advertisement
More on WISHTV.com
-
A cell phone app is credited for saving two ducklings. The baby ducks fell into a storm …
-
A cell phone app is credited for saving two ducklings. The baby ducks fell into a storm …
-
WASHINGTON (AP) — A Massachusetts congressman says investigators still don't know whether…
-
Learn more about the people who appear on air at 24-Hour News 8.
-
The booming 23-year-old R&B vocalist from St. Helena Island, S.C., won the Fox singing …
-
Some of the items worth buying after winning the Powerball jackpot on May 18, 2013.
-
Today's Unique Home Solution comes to you from Susan Wollenweber of Indy! Thanks Susan!
