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Spain's long-term bonds in demand

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Spain's long-term bonds in demand

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In a closely watched auction Spain’s treasury has sold 3.95 billion euros of long-term sovereign bonds.

The figure almost topped its highest sales target of four billion euros but were still forced to pay relatively high yields to attract investors.

With sharp focus on Greece, investors and analysts are anxiously watching Spain and Italy to see if they still have access to debt markets at reasonable rates of interest.