Brussels, 22/11/2011 (Agence Europe) - On Tuesday 22 November, the Spanish treasury issued €2.978 billion of three and six-year bonds at very high interest rates on a suspicious money market.
Compared with the last comparable emission (25 October 2011), the yield on three-month bonds doubled from 2.292% to 5.110%, while the six-month bond rate rose from 3.302% to 5.227%, but Spain was easily able to raise the planned €2bn to €3bn due to strong demand (€10.5bn), explained the Bank of...