Mediafax (Mediafax)
Markets  |  May 17, 2012 17:20:10

Spain sold bonds at auction for € 2.5 billion

MADRID (MEDIAFAX) - Spain in Thursday's auction sold government bonds with maturities of three and four years for a total of 2.494 billion euros with significantly higher yields. Informed the agency said.

Proceeds of these bonds ranged from 4.375 percent to 5.106 percent, while comparable to the last auction of this type of bond yield was 2.89 percent and 4.037 percent.

This result raised the concern of the Spanish debt.

Spanish economy in the first quarter of this year dropped by 0.3 percent, confirming recession in its economy. Gross domestic product (GDP) of Spain is in the final quarter of last year also fell by 0.3 percent.

Current data thus confirmed that the Spanish economy is already in its second recession in three years. In comparison to the local gross domestic product fell by 0.4 percent, while in the last quarter of last year still grew by 0.3 percent.

Tomáš Králíček,

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