Bloomberg News

Spanish Two-Year Notes Extend Drop After Yields Rise at Auction

June 26, 2012

Spanish bonds extended a declined after the nation sold three- and six-month bills, with the yield on two-year notes rising four basis points to 4.90 percent to 9:56 a.m. London time.

Ten-year yields climbed six basis points to 6.70 percent.

The Treasury in Madrid sold three-month bills at an average rate of 2.36 percent, compared with 0.85 percent at the last auction on May 22, and six-month bills at an average yield of 3.24 percent, compared with 1.74 percent last month.

To contact the reporter on this story: Anchalee Worrachate in London at aworrachate@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net


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