Italian Bonds Gain; Two-Year Yield Drops to Lowest in a Week

Italian securities advanced, pushing the yield on the two-year note to the lowest in a week.

The rate fell nine basis points to 2.96 percent as of 2:33 p.m. London time. That’s the lowest since Aug. 22.

The nation’s 10-year yield slipped five basis points to 5.78 percent after earlier rising to 5.89 percent, the highest since Aug. 14. Italy aims to sell a combined 7.5 billion euros of debt due in 2017 and 2022 tomorrow.

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