Italian five-year notes opened higher, pushing down the yield on the securities by seven basis points to 6.39 percent at 7:38 a.m. London time.
The rate on 10-year Italian bonds dropped six basis points to 6.39 percent. Two-year note yields rose eight basis points to 5.77 percent.
Spanish two-year notes opened lower, with the yield climbing three basis points at 4.72 percent.
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