Italian Government Bonds Stay Higher As Borrowing Costs Drop at Bill Sale

Italian notes and bonds stayed higher as borrowing costs fell at a sale of six-month bills.

The two-year note yield was down 10 basis points at 4.97 percent at 10:10 a.m. London time, while the rate on 10-year debt dropped 22 basis points to 6.78 percent.

Italy agreed to pay a yield of 3.25 percent on the 9 billion euros ($11.8 billion) of 179-day bills it sold, compared with 6.50 percent at a sale on Nov. 25.

To contact the reporter on this story: Paul Dobson in London at

To contact the editor responsible for this story: Daniel Tilles at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.