Date: Tuesday, 10-July-2012, 7:29 AM | Message # 1
-- dragon lord--
Spain's borrowing costs remain high despite the recent eurozone leaders' deal aimed at helping the region's most troubled economies.
The Madrid Treasury paid the highest interest rates in over seven months when it sold government bonds maturing in ten years time on Thursday.
However demand was solid which strategists said showed that Spain is still able to borrow on the markets.
Domestic banks have been the main buyers at Spanish sovereign auctions since the European Central Bank injected nearly one trillion euros of cheap credit in December and February to liquidity-starved lenders.