Spain beats upper debt auction target but yields rise

FXstreet.com (Barcelona) - The Spanish Tesoro Público held a debt auction on Tuesday during which it sold a total of 3.07 billion euro worth of 3- and 9- month Letras, exceeding the maximum target.

2.14 billion euros of 9-month bonds were auctioned at an average yield of 1.441%, compared with 0.789% seen at the previous auction. 0.93 billion euros worth of 3-month bonds, were sold at an average yield of 0.869% versus the previous 0.331%.