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Spanish yields decline at debt auction

FXstreet.com (Barcelona) - The Spanish Tesoro Público held a debt auction on Thursday during which it sold a total of 4.71 billion euro worth of 3-, 5- and 10-year bonds, exceeding the maximum target of 3.5-3.5 billion euros.

1.38 billion euros of 3-year bonds were auctioned at an average yield of 2.792%, compared with 3.019% seen at the previous auction. 2.043 billion euros worth of 5-year bonds were sold at an average yield of 3.257% versus the previous 3.598%. Bonds maturing in January 2023 yielded 4.612% compared with the previous 4.898%.

Forex: EUR/USD muted after Spanish, French auctions

The bloc currency remained apathetic after French 5-year bond yields printed a record low at 0.73%. Continuing with the Spanish debt markets, the negative trend in borrowing costs extended...
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Forex Flash: Majors trade sideways as Eurozone debt appetite increases – Investec

The market reaction to the headline news was muted to say the least with EUR/USD and GBP/USD lacking any meaningful direction. In particular, the EUR/USD is desperately looking to move either side of the 1.3050 this morning and eyes will be on today’s French and Spanish bond auctions, which should give a further sign of investor risk appetite which has warmed towards Eurozone debt in recent weeks.
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