Bloomberg News

Italian 10-Year Bonds Stay Lower as Borrowing Costs Fall at Sale

July 30, 2012

Italian 10-year bonds stayed lower after the nation sold 5.5 billion euros of government debt due between 2015 and 2022.

The 10-year yield climbed eight basis points to 6.03 percent at 10:27 a.m. London time. The rate on Italian five-year notes rose six basis points to 5.41 percent.

Italy sold 5.5 percent 2022 bonds at an average yield of 5.96 percent, compared with 6.19 percent at a sale on June 28.

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

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


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