The yield on Spain`s 3-year bond fell to the lowest on record Thursday, just two days after the country posted stronger-than-expected growth in the final quarter of 2013. The Madrid -based Treasury raised a total of 5.91 billion euros at an auction on Thursday, the largest amount for a debt sale in a single day since January. Most notably, the three-year notes fetched an average yield of 1.59% the lowest on record, underpinning appetite towards Spanish risk as the country prepares to exit from bank bailout as soon as this month. The sale, which included debt maturing in 2017, 2026 and 2028, was buoyed by the country`s Prime minsiter, Mariano Rajoy , who painted a quite colorful outlook for the economic year ahead for Spain and Europe generally. "In 2014 we will have real growth" for the full year, Mr. Rajoy said on a visit to Washington to consult with President Barack Obama .
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