Spain easily raises $4.9 billion in long-term debt
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Spain easily raised €3.4 billion ($4.9 billion) Wednesday at an auction of long-term debt as the country endeavors to make sure it doesn't become Europe's next bailout victim.
The Treasury said it sold €2.5 billion in 10-year bonds at an average interest rate of 5.5%, up from 5.2% in the last such auction on March 17. Demand for the debt was more than double the amount sold. (AP)
