- Spain saw borrowing costs fall to record-low at an auction of ten-year government bonds on Thursday, amid growing speculation the European Central Bank will introduce fresh easing measures at its June policy meeting.

Spain’s Treasury sold €1.99 billion worth of ten-year government bonds at an average yield of 2.967% earlier in the day, down from 3.059% at a previous auction last month.

In addition, Spain sold €1.54 billion of five-year debt at an average yield of 1.648%, down from 1.663%.

In total Spain’s Treasury sold €3.53 billion worth of debt, above the full targeted amount of €3.5 billion.

The yield on Spain''s 10-Year bond stood at 3.004% following the auction, while the euro held on to modest losses against the U.S. dollar, with EUR/USD shedding 0.05% to trade at 1.3678.

Meanwhile, European stock markets remained higher. Spain’s IBEX 35 rose 0.1%, the Euro Stoxx 50 advanced 0.1%, France’s CAC 40 picked up 0.1%, Germany''s DAX advanced 0.25%, while London’s FTSE 100 tacked on 0.3%.

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