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Spain and France auction 8.25 billion euros ($11 billion) of bonds today as European efforts to strengthen the region's firewalls against contagion failed to rein in surging borrowing costs.
Spain is selling as much as 3.75 billion euros of notes as the extra Yield on its 10-year bonds compared with benchmark German bunds was at 396 basis points today. France, rated AAA, is auctioning as much as 4.5 billion euros of debt as its 10- year securities yielded 112 basis points more than comparable German debt.
http://www.bloomberg.com/news/2011-11-30/spain-france-bond-sales-take-on-crisis-as-firewall-eludes-euro-leaders.html
