Spain One-Year Borrowing Costs Rise Before Rajoy Meets Draghi
This article is for subscribers only.
Spain’s one-year borrowing costs rose in an auction today ahead of a meeting between Premier Mariano Rajoy and European Central Bank President Mario Draghi.
Spain sold 5.57 billion euros ($7.46 billion) of six- and 12-months securities, exceeding the Treasury’s upper goal of 5.5 billion euros. It sold six-month bills at an average 0.859 percent, down from 0.888 percent on Jan. 22. The 12-month securities yielded 1.548 percent, up from 1.472 percent on Jan. 15.