Target amount for this mornings’ auctions was 4.5 bln. Spain raised total of 4.799 bln.
Sold 3940 mln of new 3 year bond, 859 mln of 10 year bond.
Average yield new 3 year bond 3.845%
Average yield 10 year bond 5.666% vs 6.647% at previous auction.
Bid-to-cover ratio for new 3 year bond 1.6
Bid-to-cover ratio for 10 year bond 2.8 vs 2.4 on August 2.
Well, that all went very well
EUR/USD trade relatively steady after the early volatility, presently at 1.2970.
