MADRID (Reuters) - Spain's medium-term borrowing costs rose sharply to around five percent in an auction of three- and four- year bonds on Thursday, reflecting concerns over the Spanish banking system and economy and the political crisis in Greece.
Yields on the three bonds issued were in line with those on the secondary markets shortly before the sale. The Treasury auctioned 2.5 billion euros (2 billion pounds) of two bonds maturing in 2015 and one bond maturing in 2016.
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