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Yields rise again as Italy sells €5.4B ($6.8B) of 5- and 10-year bonds, slightly under the...
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Thursday, June 28, 2012, 6:03 AM ETYields rise again as Italy sells €5.4B ($6.8B) of 5- and 10-year bonds, slightly under the top end of its target range. The government auctions €2.9B of 10-year debt at a yield of 6.19% vs. 6.03% in late May, with the bid-to-supply ratio falling to 1.28 from 1.4. Italy also sells €2.5B of 5-year paper at 5.84% vs. 5.66% as the ratio rises to 1.54 from 1.35. In the secondary market, 10-year yields +5 bps at 6.25%.
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