Bloomberg News

Italian 10-Year Bonds Stay Lower as Debt Auctions Miss Target

December 29, 2011

Dec. 29 (Bloomberg) -- Italian 10-year bonds stayed lower after the nation raised less than its maximum target at a sale of securities maturing between 2014 and 2022.

The 10-year bond yield climbed 12 basis points to 7.12 percent at 10:33 a.m. London time. Three-year note yields dropped four basis points to 5.83 percent, after earlier sliding as low as 5.68 percent.

Italy sold 7.02 billion euros ($9.05 billion) of debt, compared with a maximum target of 8.5 billion euros, the Treasury said.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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