Italy Completes Another Successful Bond Auction This Week as Yields Hit Two Year Lows

“Italy sold 5.9 billion euros ($7.8 billion) of bonds today with rates holding near the lowest in two years amid optimism caretaker Prime Minister Mario Monti will play a role in the next government.

The Treasury in Rome today sold 3 billion euros of 10-year debt at 4.48 percent, up from 4.45 percent at the previous auction on Nov. 29, which was the lowest since November 2010. The Treasury also sold 2.9 billion euros of bonds due in 2017 to yield 3.26 percent compared with 3.23 percent Nov. 29….”

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