Spain sells over €2.5 billion in short-dated bonds

MADRID (MarketWatch)
The Spanish Treasury sold €2.53 billion worth of 3-and 6-month maturing bills in an auction on Tuesday, raising just over its targeted goal of €2.5 billion
In the auction of three-month bills, it sold €1.51 billion at an average yield of 0.85%, with a cover of 3.95 times
That compares to a similar auction in April, that had an average yield of 0.6% and a cover ratio of 7.6 times
It sold €1 billion worth of six-month bills at an average yield of 1.74%, covered 4.3 times
That compares to a prior auction in April that had an average yield of 1.58%, covered 3.25 times
The yield on Spain's 10-year government bond fell 14 basis points to 6.16%