Spanish treasury places over €4.5bn at higher yields

The Spanish treasury on Thursday placed treasury bonds worth 4.558 billion euros (4.90 billion U.S. dollars) paying higher interest rates when compared with previous auctions and registering a demand of 9.322 billion euros.

A total of 1.911 billion euros worth of five-year bonds carried an average interest rate of 0.535 percent, which was above the 0.386 percent of the previous issue.

The placement also included 1.432 billion euros worth of 10-year bonds that fetched an average interest rate of 1.282 percent, which was also above the 1.023 percent of the previous issue.

On the other hand, the treasury placed 1.215 billion euros worth of 15-year bonds that fetched an average interest rate of 1.652 percent, below the 1.907 percent of the previous auction.

So far, the Spanish treasury has placed around 58.5 billion euros of medium and long-term debt on the market which represents 41.2 percent of the country's financial goals for the year. (1 euro = 1.08 U.S. dollars)