Spain Beats Maximum Target at Bond Sale as Borrowing Costs Fall

Spain beat its maximum target at a bond auction in Madrid today and its borrowing costs fell after an interest-rate cut by the European Central Bank fueled a rally in bonds from distressed euro countries. The Spanish Treasury sold 4.57 billion euros of debt ($6 billion), compared with its maximu…

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Spain Beats Maximum Target at Bond Sale as Borrowing Costs Fall

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