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Europe Update: Italian Bond Auction Results
Rates continue to come down in the Eurozone’s embattled countries.
Italy sold €4.5 billion of 2-year zero-coupon bonds at an average yield of 3.763%, which was below the 4.853% seen at the previous auction. The bid to cover ratio 1.714.
Note that this was the first bond auction since S&P's downgrade.
iShares Italy - Last 12 Month
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