Italy sells €12.25B of 6-month bills priced to yield 1.2%, the lowest yield since September 2010...

|By:, SA News Editor
Italy sells €12.25B of 6-month bills priced to yield 1.2%, the lowest yield since September 2010 and below last month's rate near 2%. The short end of the curve continues to be boosted by the ECB's LTRO - which essentially allows banks a free roll on shorter-dated government paper.