- -0.014% at 13-week sale
- -0.008% at 24-week sale
- +0.002% at 50-week sale
The prices were similar to recent sales.
The market continues to pile into the relative safety of French and German debt even though periphery short-term debt is improving. That tells me the recent decline in Spanish 2-year yields is about the market front-running the ECB, not an improvement in fundamentals.
