The Spanish Treasury has issued its January debt without any problems, marking a "historic" month of financing according to Luis de Guindos. In the first month of the year it raised 27 billion euros in treasuries, which is a 9% increase year-to-year.
Bonds were sold at rates under 1%, and bids on 10-year notes were for 22.7 billion euros and six times more than what was available, marking a record for Spanish debt. In the end the nation sold 7 billion euros, which is the highest volume to date, with 60% of purchases coming from overseas investors. On the same day, the EU announced that Spain will not meet its deficit goal for 2012 and Catalonia went over its budget by 2.3%. The news did not influence markets, however, which is a sign that the recovery may be just around the corner.
