Spain's borrowing rates have dropped again, with the Treasury easily selling €3.5 billion in short-term debt as investor concerns over the country's finances ease.
The Treasury sold €1.95 billion in six-month bills today at an average interest rate of 1.61%, down from 1.67% in the last such auction on November 27.
It also sold €1.58 billion in three-month bills at a rate of 1.19%, down from 1.25% last month.
Demand was close to three times the amount offered overall.
Spain's borrowing costs have dropped from unsustainable highs earlier this year after the European Central Bank pledged to help troubled countries such as Spain by buying up their short-term bonds if they apply for aid.
