Spain bond auction: Borrowing costs edge up

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Spain bond auction: Borrowing costs edge up

BBC – There was strong demand for Spanish bonds at an auction on Thursday, which was seen as a key test of the country’s ability to raise funds, but it had to pay a higher interest rate. The rate on the 10-year bonds was 6.044%, up from the 5.743% paid when bonds were last sold in April. Spain sold 2.1bn euros ($2.6bn; £1.7bn) in medium and long-term bonds. It comes as European authorities are said to be working on a way to help Spain’s troubled banking sector. Read Article

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