Spain sells EUR 5.43bln vs exp. EUR 4.5-5.5bln 3.50% 2029, 2.60% 2031 and 3.30% 2036 Bono

• 3.50% 2029: b/c 2.89x (prev. 1.12x) & average yield 2.273%  (prev. 2.462%)
• 2.60% 2031: b/c 1.95x & average yield 2.577%
• 3.30% 2036: b/c 2.52x & average yield 3.167%

Spain's bond auction saw strong demand, exceeding expectations with bids more than twice the offered amount for all maturities. The reduction in yields relative to previous auctions suggests a favorable appetite for risk, which could bolster overall market sentiment and impact future rate expectations.