The Spanish government saw a successful bond selling which witnessed higher demand and lower yield. The Treasury sold 4.94 billion euros of 12-month notes with an interest of 4.050% from 5.022% the previous auction. The demand climbed to 3.14 times compared with 2.13 in the prior auction. Also, Spain sold 18-month bills at 4.226%, below the preceding 5.159%.
Following the selling, the euro rebounded to 1.3220 against the dollar after reaching a low of 1.3158.