Italian yields jump in an auction of €11B of 12- and 3-month paper as Spain's budget woes hit...

|By:, SA News Editor
Italian yields jump in an auction of €11B of 12- and 3-month paper as Spain's budget woes hit other vulnerable countries, with the 1-year doubling to 2.84% from 1.405% in a previous sale in March, and the shorter-term rate climbing to 1.25% from 0.49%. The bid-to-ask ratio was 1.6.