Italy Kicks Off a Bill Auction With the Lowest Yield Since March

“Italy sold 9 billion euros ($11.3 billion) of Treasury bills at the lowest rate since March on optimism the European Central Bank will intervene to curb the country’s borrowing costs.

The Rome-based Treasury sold the 181-day bills at 1.585 percent, down from 2.454 percent at the last sale of similar- maturity debt on July 27. Investors bid 1.69 times the amount of bills offered, up from 1.61 times last month.”

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