Tag Archives: Spanish 10 Year auction

Euro Continues Fall Despite Good Spanish Auction

The Euro closed the day 80 pips lower despite a good auction of Spanish debt early in the European session. Spain sold 4.8 Billion Euros of 3 and 10 year bonds, just over the 4.5 Billion target. The average yield for the 10 Year bonds stood at 5.666%. This compares to an average yield of 6.647% on its August 2 auction. This however failed to produce a long lasting rally in EUR/USD. After a short...

Continue reading...

September 20, 2012 @ 10:21 pm

0 Comments