PARIS — Spain carried out a successful bond auction Thursday under intense scrutiny, even as expectations are growing that Madrid will soon ask other European nations to bail out its banking sector.
The Spanish Treasury sold about 2.1 billion euros, or $2.6 billion, of bonds, slightly more than planned, after demand proved unexpectedly strong. The auction included 10-year debt, priced to yield 6.04 percent.
While the yield was higher than the 5.74 percent paid at the last such auction, in April, it was below the 6.12 percent at which the existing 10-year Spanish debt was trading before the auction. Last week, Spanish 10-year yields rose above 6.5 percent, raising concern that a bailout request was imminent.
The auction was closely watched after the Spanish Treasury minister, Cristóbal Montoro, said Tuesday that Spain was having trouble “in accessing markets, when we need to refinance our debt.”