Spain gets its dosh

Raises 4.763 billion against 3.5-4.5 billion target.

Sold 992 mln 2015 bond. Bid to cover 2.8, better than 2.0 at last auction. Average yield 3.660%, improved from 3.956% at last auction

Sold 3040 mln 2018 bond. Bid to cover ratio 1.6. Average yield 4.680%.

Sold 731 mln 2032 bond. Bid to cover ratio 2.1 Average yield 6.328%.

All in all good result, helping euro regain a little of its’ poise after earlier swoon.

Light stops were tripped through 1.2735 on way to session low 1.2722, presently at 1.2728.

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