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Italy’s 10-Year Bonds Erase Decline After Government Sells Debt

Dec. 28 (Bloomberg) -- Italian 10-year bonds erased a decline, leaving the yield on the securities little changed at 4.52 percent as of 10:29 a.m. London time. The rate earlier climbed as much as five basis points, or 0.05 percentage point, to 4.58 percent.

Italy sold 3 billion euros of the 10-year securities at an average yield of 4.48 percent today. That compares with a rate of 4.45 percent at a previous auction on Nov. 29.

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

To contact the editor responsible for this story: Keith Jenkins at kjenkins3@bloomberg.net

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