Italian Two-Year Notes Extend Gains After Country Sells Bills

Italian two-year notes extended their gain after the country sold 9 billion euros of bills.

The yield on Italian notes maturing in April 2014 decreased five basis points, or 0.05 percentage point, to 4.63 percent at 10:09 a.m. London time. Ten-year yields were also five basis points lower at 6.14 percent.

Italy sold 185-day treasury bills at 2.957 percent, up from 2.104 percent at the last sale of similar-maturity debt on May 29. Investors bid for 1.62 times the amount offered, similar to the 1.61 times last month.

To contact the reporter on this story: Lukanyo Mnyanda in Edinburgh at lmnyanda@bloomberg.net

To contact the editor responsible for this story: Peter Woodifield at pwoodifield@bloomberg.net

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.