spain\s borrowing costs drop in bill auction
Last Updated : GMT 10:30:04
Arab Today, arab today
Arab Today, arab today

Spain\'s borrowing costs drop in bill auction

Arab Today, arab today

Arab Today, arab today Spain\'s borrowing costs drop in bill auction

Madrid - AFP

Spain\'s borrowing costs plunged Tuesday as it raised 2.785 billion euros ($3.7 billion) in an auction of three- and six-month bills, the latest sign of improved investor sentiment towards the recession-hit country. The Treasury sold 1.206 billion euros in three-month bills with an average yield of 0.441 percent, down from 1.195 percent from the last similar auction held on December 18, the central bank said in a statement. It raised another 1.579 billion euros through the sale of six-month bills at an average yield of 0.888 percent, down from 1.609 percent at the previous comparable auction on December 18. Spain\'s borrowing costs have fallen since the European Central Bank announced in September its readiness to buy an unlimited sum of bonds to curb borrowing costs for troubled member states that accept strict conditions. The risk premium -- the extra rate demanded by investors in Spanish 10-year bonds over the rate offered by equivalent German bonds -- amounted to 353 basis points. The Spanish risk premium has eased dramatically since reaching more than 600 basis points in mid-2012 when Spanish bond yields shot above 7.0 percent. Falling borrowing costs have eased pressure on the government of the eurozone\'s fourth-biggest economy to seek European help to finance its debts. In Tuesday\'s debt auction, demand for the Spanish debt securities outstripped supply by nearly four to one. The Spanish government had set a target of raising between 1.5 billion and 2.5 billion euros in the auction. The Treasury estimates its gross financing needs at 215-230 billion euros in 2013, after borrowing a total 249.6 billion euros in 2012.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spain\s borrowing costs drop in bill auction spain\s borrowing costs drop in bill auction

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spain\s borrowing costs drop in bill auction spain\s borrowing costs drop in bill auction

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday