MW:Spain sells 1.93 bln euros of 3- and 6-month bills
By MarketWatch
FRANKFURT (MarketWatch) -- The Spanish government on Tuesday sold 1.93 billion euros ($2.53 billion) of three- and six-month bills, near the top end of its range of 1 billion to 2 billion euros, news reports said. Yields rose from a previous sale in March, reflecting recent heavy pressure on Spanish debt amid rising worries over the country's fiscal and economic outlook. The yield on three-month bills rose to 0.634% from 0.381% at the previous auction, reports said, while demand exceeded supply 7.6 times versus a "bid-to-cover" of 3.5 in March. The six-month yield rose to 1.58% from 0.84%, reports said, while the bid-to-cover fell to 3.3 from 5.6 at the previous auction.
