The Spanish Treasury on Thursday sold €2.54 billion ($3.33 billion) in bonds dated 2014 and 2022

MADRID (MarketWatch)
The Spanish Treasury on Thursday sold €2.54 billion ($3.33 billion) in bonds dated 2014 and 2022, which was more than expected, but its borrowing costs rose
The Treasury had been targeting a range of €1.5 billion to €2.5 billion for the auction
The yield on the 10-year auction rose to 5.74% from 5.403% at a prior auction of similar paper in January
For the auction of two-year paper, the yield rose to 3.46% from a prior 2.069% at an auction in March. The 10-year auction was covered 2.42 times, versus a prior 2.16 times, while the 2-year auction was covered 3.28 times from a prior 2.81