Caretaker Prime Minister Mario Monti

Caretaker Prime Minister Mario Monti

Alessia Pierdomenico/Bloomberg

Today’s auction, the first sale of medium-to-long term debt to fund 2013, is the second market test for Italy since caretaker Prime Minister Mario Monti announced on Dec. 23 that he would consider being the premier candidate for a coalition backing his economic agenda in the Feb. 24-25 election.