It has been revealed, according to recent market developments, that Spain has been able to meet its target of maximum bonds being sold. They have been able to sell bonds worth 4.5 billion Euros, whereas the borrowing costs of the Eurozone also saw a fall, with the debt on the secondary market of the zone being supported by the European Central Bank.

There was sale of bonds by the Treasury that were due to be sold in April of the year 2014. The average yield for the same was recorded to be 3.589%. Securities, which were due in October 2014, recorded yield of 3.495%.

“Spain’s economic outlook is making it more and more obvious the country is becoming the bridge between the euro zone’s periphery and core countries”, revealed Fadi Zaher, economic strategist from Barclays.

For now, the Government seems to have a bit of respite and can concentrate further on dragging the Eurozone out of the financial debt situations that it is currently undergoing.

"The auction was successful probably because the European Central Bank's interventions have put a floor under bond prices and the yields are attractive compared with French or German bonds”, revealed the research director, Nicolas Lopez from M&G brokerage firm from Madrid.