Italian Five-Year Notes Decline Before Debt Sale; Yields Increase to 6.90%

Italian five-year notes fell as the nation prepared to sell as much as 3 billion euros ($3.9 billion) of the securities.

Five-year Italian yields climbed 11 basis points to 6.90 percent at 7:41 a.m. in London. Ten-year yields were nine basis points higher at 6.77 percent, while two-year note rates advanced 25 basis points to 5.91 percent.

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