Spain's borrowing costs rise at bond auction

MADRID (MarketWatch)
The Spanish government sold €2.2 billion ($2.8 billion) in a bond auction of varied maturities Thursday, with the amount sold coming in above its planned range of €1 billion to €2 billion But, as seen in an auction of Spanish treasury bills earlier this week, the government had to pay a higher yield to get the bonds sold
An auction of April 2014 paper fetched an average yield of 4.71%, versus 2.07% seen at a prior auction of same-dated paper
An auction of July 2015 bonds commanded a yield of 5.45%, versus a prior yield of 4.88%, and an auction of July 2017 bonds fetched a yield of 6.07%, versus a yield on a prior auction of 4.96%