News Headline Summary

Spanish bond auction results; sells EUR 5bln vs. Exp. EUR 4-5bln

- Sells EUR 1.002bln in 2.1% 2017, b/c 4.14 (Prev. 2.18) and avg. yield 1.331% (Prev. 1.309%)
- Sells EUR 2.671bln in 2% 2019, b/c 1.8 (Prev. 1.82) and avg. yield 1.991% (Prev. 2.263%) - record low auction rate.
- Sells EUR 1.333bln in 5.15% 2028, b/c 1.9 (Prev. 2.20) and avg. yield 3.846% (Prev. 4.199%) - lowest yield since 2005.

Analysis details (05:44)

- Combined, today’s supply from the Spanish Treasury is roughly equivalent to 28K June-Bund contracts. - Today's offering is expected to be well received despite competing supply from France today, with Spanish yields yesterday trading at multi-year lows.

20 Mar 2014 - 05:43 - - Source: BBG/RTRS

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: