Spain sells EUR 6.28bln vs exp. EUR 5.5-6.5bln 2.70% 2030, 3.00% 2033, 3.45% 2043 Bono & EUR 0.726bln vs exp. EUR 0.25-0.75bln 1.15% 2036 I/L Bono

• EUR 2.8bln 2.70% 2030: b/c 2.21x (prev. 1.97x) & average yield 2.51% (prev. 2.471%)
• EUR 2.01bln 3.00% 2033: b/c 2.08x (prev. 2.34x) & average yield 2.94% (prev. 2.88%)
• EUR 1.46bln 3.45% 2043: b/c 1.87x & average yield 3.8%
• 1.15% 2036 I/L: b/c 1.9x (prev. 2.63x) & yield 1.51% (prev. 1.469%)

Spain's bond auction saw strong demand, selling EUR 6.28 billion against expectations of EUR 5.5-6.5 billion, indicating robust appetite for its issuance. While the bid-to-cover ratios improved for some maturities, the yields did reflect slight increases, suggesting a modest adjustment in risk perception. This outcome points to sustained investor interest in Spanish debt, potentially impacting yields in the broader Eurozone fixed income market.