Spain has raised €4.2 billion in debt auctions at mostly lower interest rates
This indicates improving investor confidence as the government ponders tapping a European facility that could ease its high borrowing costs.
The Treasury sold €1.12 billion in benchmark 10-year bonds today at an average interest rate of 5.29%.
This is down from 5.46% in the last such auction on October 18.
The Treasury paid 3.39%, down from 3.62%, to sell €2.12 billion in three-year bonds.
The department also sold €1 billion in bonds maturing in 2019, but at a yield of 4.67%, up from 4.54%.
Demand averaged twice the amount offered.
Recession-hit Spain says it must know all the conditions before requesting an international aid programme for its public finances.
