Yields sky-rocket to an average of 6.5% as Italy sells €8B ($10.7B) worth of 6-month bills,...

|By:, SA News Editor
Yields sky-rocket to an average of 6.5% as Italy sells €8B ($10.7B) worth of 6-month bills, up from 3.35% in October, with the bid-to-cover ratio dropping to 1.47 from 1.57. In an auction of €2B worth of 2-year zero-coupon bonds, the yield soared to 7.814% from 4.628%.