Bloomberg News

Italian Bonds Fall After Borrowing Costs Increase at Bill Sale

November 25, 2011

Nov. 25 (Bloomberg) -- Italian five- and 10-year bonds extended a decline after borrowing costs increased at a bill sale.

Five-year yields rose 21 basis points to 7.75 percent and 10-year yields climbed 17 basis points to 7.27 percent at 10:28 a.m. London time.

The Rome-based Treasury sold eight billion euros of 183-day bills to yield 6.504 percent, up from 3.535 percent at the last auction on Oct. 26. Demand was 1.47 times the amount on offer, compared with 1.57 times last month.

To contact the editor responsible for this story: Nicholas Reynolds at nreynolds2@bloomberg.net


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