Rates Decline at Italian Bond AuctionJuly 30, 2012 @ 7:50 AM EST
Europe Update: Italian Bond Auction Results
The Italian Treasury sold €4.73 billion of five- and ten-year bonds at auction, which was at the high end of the projected range.
Italy sold €2.49 billion of ten-year bonds at an average yield of 5.96% vs 6.19% at the previous auction. The bid-to-cover improved slightly to 1.29x from 1.28x last time.
The country also sold €2.244 billion of five-year bonds at 5.29%, down from 5.84% last month. The bid-to-cover fell to 1.34x from 1.54x.
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Other stories on Europe to review:
ECB To Do 'Whatever It Takes' to Save Euro
Spain Enters Recession in Q2
Industrial Production Down -2.8%
EU to Jumpstart Loans to Spanish Banks
Germany's Industrial Production Up in June
Bank of England Launches 3rd Round of QE
European PMI's Show Some Improvement
EU Leaders Announce Measures To Ease Crisis
Greece Has Formed a Government
- Spanish Banks To Get 100 Billion Bailout
iShares Italy - Last 12 Month
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