it says it was reviewed by external auditors kpmg, that it acted fairly and responsibly and it was one of several banks to approach derisk positions held by monte paschi. lots of different elements of this story to follow. we're getting the results from spain's latest debt auction. we want to bring you those, as well. three-month and six-month t-bills, it has raised $1.2 billion euros earn 0.5%. that compares with a yield of 1.3% in mid-december. for the sixth month, it has raised a yield of 0.9 the% versus 1.7% in mid-december. high bid to cover ratios on those two, over four and three respectively. so let's get some reactions from tim skeet, managing director at rbs. welcome. >> good morning. >> thoughts here? spain getting plenty of demand for short-term paper. >> yeah. for the long-term, they're out with a syndicated transaction this morning which i think is immensely positive signal, good timing. looks as if they're going to return, as well. but it looks as if that is going to be well supported. this stock is a good time for spain right thou. >> what's with a syndicated bond as op