Bloomberg News

Spanish 10-Year Bond Yield Climbs Through 7% After Auction

July 19, 2012

Spanish 10-year bonds extended their decline, pushing the yield through 7 percent for the first time since July 10, after the country sold debt securities maturing in two to seven years.

The yield climbed as much as six basis points to 7.02 percent and was at 6.99 percent at 9:58 a.m. London time. Two- year yields climbed five basis points to 5.06 percent.

The country sold 2.98 billion euros of 2014, 2017 and 2019 securities, compared with its maximum target of 3 billion euros.

To contact the reporter on this story: Lukanyo Mnyanda in Edinburgh at lmnyanda@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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