Yields spike to 1.24% in an auction of 6-month Italian bonds from 0.73% in a sale in January,...

|By:, SA News Editor

Yields spike to 1.24% in an auction of 6-month Italian bonds from 0.73% in a sale in January, while the bid-to-cover ratio falls to 1.44 from 1.65. The government was due to sell €8.75B in debt. In the secondary market, 10-year yields are +32 bps to 4.78%, while those of two-year debt are +40 bps to 2.12%. (See more fallout from Italian election)