Investing.com - Spain saw borrowing costs decline at an auction of ten-year government bonds on Thursday, as investors looked ahead to the European Central Bank’s policy meeting later in the day.
Spain’s Treasury sold €2.73 billion worth of ten-year government bonds at an average yield of 3.291% earlier in the day, down from 3.344% at a previous auction last month.
In addition, Spain sold €1.63 billion of five-year debt at an average yield of 1.869%, down from 1.991%. Madrid also sold €1.23 billion of debt maturing in 2026 at a yield of 3.553%, down from 3.977% at a previous auction.
In total Spain’s Treasury sold €5.59 billion worth of debt, above the full targeted amount of €5.50 billion.
The yield on Spanish 10-Year bonds stood at 3.312% following the auction, while the euro held on to modest losses against the U.S. dollar, with EUR/USD dipping 0.03% to trade at 1.3762.
Meanwhile, European stock markets remained mixed. Spain’s IBEX 35 rose 0.85%, the Euro Stoxx 50 advanced 0.1%, France’s CAC 40 was flat, Germany's DAX dipped 0.1%, while London’s FTSE 100 tacked on 0.2%.