Spanish Auctions: Sold a total of Eur 2.541 bln of 2014 and 2022 bonds

Out of a projected Eur 1.5-2.5 bln

Sold Eur 1.12 bln of 3.3% 2014 Bono, cover 3.29( from 2.0), yield 3.463% (from 3.495%)

Sold Eur bln of 5.85% benchmark 2022 Obligacion bond, cover 2.42 (from 2.2), yield 5.743% (from 5.403%)

As Gerry mentioned earlier demand was high, with yields worse, but better cover and prompted a small spike to session highs in the EUR/USD