The Spanish government sold €2.6 billion worth of bonds Wednesday, which came in at the lower end of the estimated range of €2.5 billion and €3.5 billion, analysts said.
Following the auction, the yield on 10-year Spanish bonds jumped to 5.6%, the highest level in nearly three months.
Spain's borrowing costs have risen recently despite a €27.3 billion austerity package announced by the government late last month. Read More