Rates Decline at Italian Bond Auction

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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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