Thursday, February 16, 2012

Spanish and French auction results

Spain managed to sell the planned volume (4.074 billion euro out of the 3-4 billion euro target) of bonds with lower yields and better cover ratio. Here are the details:
- 3-year bonds: 2.268 billion euro, yield 3.332% (vs. 2.861%), cover 2.2 (vs. 1.6);
- January 2015 papers: 733 million euro, yield 2.966 (vs. 4.984%) %, cover 4.4 (vs. 2.4);
- October 2019 papers: 1.073 billion euro, yield 4.832% (vs. 5.352%), cover 3.3 (vs. 2.1).
France was able to sell 8.45 billion euro out of a targeted 7-8.5 billion euro. Here are the details:
- 5-year bonds: 5.025 billion euro, yield 1.93%, cover 1.99;
- July 2014: 2.090 billion euro, yield 0.89% (vs. 1.05%), cover 2.361 (vs. 2.12);
- January 2015: 1.335 billion euro, yield 1.09%, cover 3.303.
The actions may be regarded as successful enough. Never the less, euro didn’t get much help and keeps trading in minus for the fifth day in a row.
published by FBS Holdings © 2012