Italy Sells Maximum EU11 Billion of Bills as Rates Decline
February 06, 2012, 5:03 AM ESTBy Andrew Davis
Jan. 27 (Bloomberg) -- Italy sold 11 billion euros of treasury bills today, the maximum goal for the auction and borrowing costs fell.
The Treasury sold six-month bills at a rate of 1.969 percent, the lowest at an auction since May and down from 3.251 percent at the previous sale on Dec. 28. Investors asked for 1.35 times the amount of the bills on offer, down from 1.69 times in December.
The Treasury also sold 3 billion euros of 331-day bills at a rate of 2.214 percent.
To contact the editor responsible for this story: Andrew Davis at abdavis@bloomberg.net
