Sold a total of Eur 4.576 bln of 12 and 18 month T- bills out of a targeted Eur 3.5-4.5 bln
Eur 1.019 bln of 18 mth T- Bills, cover 3.56 (from 3.98), yield 3.072% (from 3.335%)
Eur 3.557 bln of 12 mth T-bills, cover 2.03 (from 1.91), yield 2.835% (from 3.07% )
Lower yields and a full take up, largely as expected, but probably feed more complacency into the Spanish politicians over a bailout