Bloomberg News

Italy Sells Three-, 10-Year Bonds as Yields Fall at Auction

December 29, 2011

(For more on the euro crisis, see EXT4 <GO>)

Dec. 29 (Bloomberg) -- Italy sold benchmark three- and 10- year bonds and borrowing costs declined in the country’s final debt sale of the year.

The Treasury in Rome sold 6 percent bonds due in 2014 to yield 5.62 percent, down from 7.89 percent at the previous sale on Nov. 29 and priced its 5 percent 2022 bond to yield 6.98 percent, compared with 7.56 percent on Nov. 29. The Treasury also sold bonds due in 2021 and a floating-rate security due 2018.

--Editors: Jeffrey Donovan, Jim Silver

To contact the reporter on this story: Alessandra Migliaccio in Rome at amigliaccio@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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