Spain bond auction result is not good: Yields are not good. Lets see how market reacts!
Details: Spain sold EUR2.54bn in 2y and 10y bonds vs EUR2.5bn maximum target. Spain 10y bond auction bid-to-cover rose to 2.45 vs 2.17 at January sale. Spain 2yr avg yield 3.463% vs 3.495% at previous auction of same maturity. Spain 10yr avg yield 5.743% at today's auction vs 5.338% at Jan bond sale.