Spanish, Italian Bonds Gain as Auctions Ease Downgrade Concern
The European Financial Stability Facility's 2.75 percent notes due in July 2016 fell as the euro-area bailout fund sold shorter-maturity debt after losing its top credit rating at Standard & Poor's yesterday. S&P cut Spain's rank by two levels on Jan.
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Euro Strengthens Against Most Majors After French, Spanish Bond Auctions
Also, Spain successfully raised EUR 6.61 billion from the sale of its bonds maturing in 2016, 2019 and 2022 today, far exceeding the maximum target set for the auction. Meanwhile, the Eurozone economic outlook remains subject to high uncertainty and …
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