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MADRID — Eurozone bond markets suffered another sell-off Tuesday, with investors especially dumping short-term debt after Spain was forced to pay a heavy price to auction its latest brace of Treasury bills.
The Spanish Treasury was forced to pay a euro-era record 5.11 percent yield on three- month Treasury bills at auction, more than double the rate paid at last month’s auction. By way of comparison, to access the short-term debt market, Spain now must pay more than Greece paid at its last three- month auction a week ago.
