MADRID, March 7 (Xinhua) -- The Spanish Treasury on Thursday successfully placed a total of 5.03 billion euros (6.54 billion U.S. dollars) of bonds on the market at low interest rates.
The volume slightly exceeded its original target of between 4 and 5 billion euros, local media reports said.
About 569 million euros of two-year bonds were sold at an average interest rate of 2.6 percent, which is slightly below 2.7 percent in the previous auction.
A total of 2.026 billion euros' worth of four-year bonds had an average interest rate of 3.5 percent, well below 4.1 percent of the last auction, while 2.435 billion euros of 10-year bonds were sold with an average interest rate of 4.9 percent compared to 5.2 percent in the previous issue.
This is the first auction held after tensions occurred on the market due to the uncertainty following the recent elections in Italy, which prompted the Spanish risk premium to pass the 400-point mark last week. Spain's risk premium has fallen to 349 points shortly after the auction. (1 euro = 1.30 U.S. dollars)
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