- Spain sells 1.99 bln 12-month bills, 0.52 bln 18-month bills
- 12-month bid-to-cover ratio 2.23, up from 1.90 previous auction
- 18-month bid-to-cover ratio 4.54, up from 3.66 previous auction
- 12-month average yield 3.449%, up from previous 2.363%
- 18-month average yield 3.721%, up from previous 2.664%
Result has lent EUR/USD a little support, pairing back up at 1.3435. As one source said “good cover”
