And 1.21 bln euros of 6-month bills, for a total of 1.93 bln. Top end of 1.0-2.0 billion target.
3 month bid to cover ratio 7.6, better than 3.5 at previous auction
6 month bid to cover ratio 3.3, worse than 5.6 at previous auction
3 month average yield 0.634% vs 0.381% at previous auction
6 month average yield 1.580% vs 0.836% at previous auction
EUR/USD sits at 1.3165, 10 pips above where it was when I arrived.
The monotony continues.
Spanish/German 10 year govt bond yield spread sits at 431 bps, fractionally narrower than the 436 I jotted down first thing.
