Bloomberg News

Italian Two-Year Notes Extend Drop After Government Bond Auction

March 27, 2012

Italian two-year notes extended a decline after the nation sold 3.82 billion euros of bonds, compared to a maximum target of 4 billion euros.

The yield on the note climbed 10 basis points to 2.57 percent at 10:24 a.m. London time. Italian 10-year bonds also fell, pushing the yield four basis points higher to 5.07 percent.

The Italian government sold 2.82 billion euros of 24 months zero-coupon bonds at a rate of 2.352 percent. It also auctioned 1 billion euros of 2019 and 2021 inflation-linked bonds.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net


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