Italian Government Bonds Advance for 2nd Day Before Sale
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Italian bonds rose a second day as the nation sold 4.88 euros ($6.4 billion) of securities, close to its 5 billion-euro maximum target for the sale.
German two-year note yields stayed six basis points from a record low after Italy agreed to higher yields at today’s auction. Spanish bonds plunged last week amid concern demand for the nation’s debt is waning after borrowing costs rose and it sold just above the minimum amount it planned at an auction.