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