Spain borrowing costs dip despite Cyprus crisis
- Published: 21 Mar 2013 at 23.49
- Online news: World
Spain's borrowing costs dipped in a bond auction Thursday, easing concerns that a feared banking meltdown in Cyprus could scare investors away from other troubled eurozone states.
Spain's borrowing costs dipped in a bond auction Thursday, easing concerns that a feared banking meltdown in Cyprus could scare investors away from other troubled eurozone states.
Spain's treasury raised 4.513 billion euros ($5.8 billion) in a sale of two-, five- and 10-year bonds, exceeding its own target range of 3.0-4.0 billion euros as demand outstripped supply by nearly three to one.
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