The Italian Treasury held another auction today of ten- , nine- and three-year bonds, with equally good results like yesterday’s sale of six month government bills and two-year bonds.

In more details that emerged this morning, Italy initially placed on the market a ten year bond at an interest rate of 6.98% instead of the 7.56% issued at a similar auction last month. In a parallel move Rome today also sold three year bonds at an interest rate of 5.62% instead of the 7.89% offered a...

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