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Italy sells about €4.8B of 5 an 10 year notes, with the 10-year paper (the bulk of the...

Italy sells about €4.8B of 5 an 10 year notes, with the 10-year paper (the bulk of the auction) priced to yield 5.82%. The auction is being billed as a success (how many times have we written that over the past 2 years) as if the alternative was no investors showing up. People have money to put to work - at the right price there will always be buyers. Shares in Milan -0.5%.
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