Yields rise in the second Italian bond auction since the country's election, although the...

|By:, SA News Editor
Yields rise in the second Italian bond auction since the country's election, although the government achieves the top end of its sales target range. The Treasury sells €4B of 10-year bonds at a yield of 4.83% vs 4.17% last month, and €2.5B of five-year notes at 3.59% vs 2.94%. In the secondary market, the 10-year yield is -4 bps at 4.87%.