Out of an expected Eur 1.5-2.5 bln
Sold Eur 1.7364 bln of May 18 Letra, yield 0.396 % (from 1.285%), cover 4 (vs 4.32)
Sold Eur 0.764 bln of Aug 24 Letra, yield 0.779% (from 1.847%), cover 10.2 (vs 6.87)
Full take up, improved yields, and stronger cover on the 6mths. All in all a good auction, but market focus seems to be elsewhere as EUR/USD slips to 1.3250
