Spain easily sold 3.1 billion euros ($3.8 billion) of debt at auction on Thursday, but low investor expectations of decisive action by the European Central Bank forced the country to pay higher yields than a month earlier on its 10-year bonds. The Treasury had planned to sell between 2 and 3 billion euros. The Treasury raised 1 billion euros of the longer-dated, benchmark bond, due January 31, 2022, at an average yield of 6.647 percent compared to 6.43 percent when it was last sold in the primary market on July 5. Demand was lower than the previous auction, with bid-to-cover ratio at 2.4 compared to 3.2 a month ... (full story)