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Yields slide at Spanish short-term debt auction

FXstreet.com (Barcelona) - The Spanish Tesoro Público held a debt auction on Tuesday during which it sold a total of 4.04 billion euro worth of 6 and 12-month bonds, exceeding the maximum target of 3-4 billion euros.

1.01 billion euros of 6-month bills were auctioned at an average yield of 0.492%, compared with 0.530% seen at the previous auction. 3.03 billion euros worth of 12-month bonds, were sold at an average yield of 0.994% versus the previous 1.235%.

Forex: EUR/CHF supported ahead of breakout zone

EUR/CHF has been supported by USD/CHF of late, and with the Swissie stalling, the price action in EUR/CHF has been drifting lower day by day since highs 1.2462 (10th May).
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