Italy Sells 3.75 Billion Euros of 10-year BTPs, Yields 5.22%
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Italy sold 3.75 billion euros ($5.4 billion) of 10-year securities and borrowing costs fell in its first auction since the European Central Bank started purchasing the country’s debt three weeks ago.
Italy sold its 10-year bond to yield 5.22 percent. Demand was 1.27 times the amount on offer. The Treasury also sold 2.99 billion euros of bonds maturing in 2014.