Joined Nov 11, 2007
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Paper Gets Sold as Italian Bond Yields Fall

“Italian borrowing costs dropped at an auction of 8 billion euros ($10.3 billion) of six-month Treasury bills as investors view the country as a safer bet than Spain even amid rising political tension.

The Treasury in Rome sold the 181-day bills at 1.347 percent, the lowest since March 28 and down from 1.503 percent at the last auction on Sept. 26. Investors bid for 1.52 times the amount of bills offered today, up from 1.39 times last month. Italy returns to the market tomorrow with the sale of as much as 7 billion of five and 10-year bonds.”

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