Italy Sells 5.25 Billion Euros of Bonds as Demand Rises
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Italy sold 5.25 billion euros of debt, including a bond with a maturity longer than 10 years for the first time in seven months, as concern eased about Italy’s ability to finance the region’s second-biggest debt.
The Treasury sold 3.5 billion euros ($4.5 billion) of its 3-year benchmark bond to yield 3.91 percent, little changed from the 3.89 percent on April 12 and matching the maximum amount set for the auction.