Bloomberg News

Italian Two-Year Notes Stay Higher After Nation Sells Bills

July 12, 2012

Italian two-year notes stayed higher after the nation sold 7.5 billion euros of 12-month bills at an auction.

The yield on the two-year securities was 10 basis points lower at 3.64 percent as of 10:09 a.m. London time.

Italy sold the bills at a yield of 2.697 percent, compared to a rate of 3.972 percent at a similar auction on June 13.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

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


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