Italy’s Borrowing Cost Drops at 3.75 Billion-Euro Auction of 10-Year Bonds

Italy sold 3.75 billion euros of a new 10-year bond at 5.5 percent, meeting its target for the auction, the Rome-based Treasury said today.

The yield compared with 6.08 percent at the last sale of similar-maturity debt on Jan. 30. The bid-to-cover ratio was 1.4 compared with 1.42 last month.

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