Italy Sells Three-Year Notes at Highest Yield Since October 2012

Italy sold three-year notes at the highest yield since October 2012.

The Rome-based Treasury auctioned 4 billion euros of securities maturing in November 2016 to yield 2.72 percent, up from 2.33 percent at an auction of similar-maturity debt on July 11. It also sold bonds due in 2028 and floating-rate notes.

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