Spanish borrowing costs rise at debt sale

The Spanish Tesoro Público held a debt auction on Tuesday during which it sold 3- and 9- month bills at higher yields than seen previously.

1.77 billion euros of 3-month bonds were auctioned at an average yield of 0.631%, compared with 0.405% seen at the previous auction. 1.73 billion euros worth of 9-month bonds were sold at an average yield of 0.841% versus the previous 0.662%.