Yields rise as Spain sells 3.13 euros bln of bonds

LONDON (MarketWatch)
The Spanish Treasury saw borrowing costs rise on Thursday, as it sold 3.132 billion euros ($3.850 billion) of government bonds, slightly exceeding its maximum targeted, according to media reports
The average yield on the 10-year bond rose to 6.647% from 6.430% in a previous sale, while the demand dropped
For the 5-year bond, yields rose to 5.971% from 5.536%, although the bid-to-cover ratio climbed to 2.72 from 2.56