“Italy sold 8 billion euros ($9.9 billion) of Treasury bills as borrowing costs rose slightly amid speculation the European Central Bank’s plan to purchase the securities of indebted nations won’t be sufficient to curb the region’s debt crisis.
The Rome-based Treasury sold the 364-day bills at 2.767 percent, up from 2.697 percent at the last sale of similar- maturity debt on July 12. Investors bid 1.69 times the amount of bills offered, up from 1.55 times last month.”
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