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Bond sales ease sovereign debt fears

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Bond sales ease sovereign debt fears

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Spain sold three billion euros of 15-year government bonds on Thursday, demonstrating that fears of a sovereign debt catastrophe are easing.

That came one day after news of record borrowing by Spanish banks from the European Central Bank in June.

Earlier this week Portugal sold 1.5 billion euros worth of bonds, proving there is demand in the markets, following on from successful debt sales by Italy and Greece.