Italy sells €3.75B of 3-year bonds at a yield of 2.86%, up from 2.75% in September. The...

|By:, SA News Editor

Italy sells €3.75B of 3-year bonds at a yield of 2.86%, up from 2.75% in September. The amount sold was at the top end of the government's target, and the bid-to-cover ratio rises to 1.67 from 1.49. Italy also auctions €2.25B of paper maturing in 2016, 2018 and 2025.