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Italian Bonds Reverse Drop; 10-Year Yield Falls to 6.62 Percent

Italian bonds reversed a decline that sent yields climbing to euro-era records.

Italy’s 10-year yield dropped four basis points to 6.62 percent at 9:40 a.m. London time, after earlier advancing to 6.74 percent.

The five-year note yield slid six basis points to 6.65 percent, while the two-year note yield fell seven basis points to 6.03 percent.

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