Italy Sells Bills at Lowest Since 2010 as Crisis Concerns Ease
This article is for subscribers only.
Italy auctioned 8.5 billion euros ($11.3 billion) of Treasury bills at the lowest rate in more than a year as optimism that the euro-region’s debt crisis is easing shored up demand for new debt.
At the auction today, the Rome-based Treasury sold 8.5 billion euros of six month bills at 1.119 percent, the lowest since September 2010. Italy will sell as much as 8.25 billion euros of five- and 10-year bonds tomorrow.