One of the leading wire services apparently putting up a high bid to cover ratio for the Spanish auction which was wrong. We went to 1.3265 and back quickly to 1.3245 area.
- Spain sells 1782 mln euros 10 year bonds. Bid to cover ratio 1.7 versus previous 1.8. Average yield 5.446% versus previous 4.615%
- Spain sells 619 mln euros 15 year bonds. Bid to cover ratio 2.5 versus previous 1.4. Average yield 5.953% versus previous 4.541%
