News Headline Summary

Spanish bond auction results: Sold EUR 4.22bln vs. max target of EUR 4.0bln

- Spain sells EUR 1.12bln 2.75% 2015, bid/cover 3.69, prev. 2.21 (yield 2.54% vs. Prev. 2.823%)

- Spain sells EUR 0.548bln 4.30% 2019, bid/cover 2.54, prev. 2.94 (yield 4.275% vs. Prev. 6.701%)

- Spain sells EUR 2.568bln 5.40% 2023, bid/cover 1.60 (yield 5.202%)

Reaction details:

- Spanish 10y yield declined from around 5.223% down to 5.189% on the back of decent demand for Spanish 10y line which was the first time the Treasury tapped this line since the syndication in January.

Print 09:46, 21 Feb 2013 - Fixed Income - Source: Newswires