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Spain - 3 Year Note Yield

Spanish 3-Year Bonos Auction provides information about the average yield on the Bonos del Estado or BDE auctioned. Spanish BDE bonds have maturities of between two to five years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The yield on the BDE represents the return an investor will receive by holding the treasury for its entire duration.
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