Italian Bonds Rise as Demand Increases at Two-Year Debt Auction
- Italy plans to sell five-, 10-year securities Friday
- FTSE MIB Index of shares slides to lowest since December 2016
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Italy’s bonds climbed after the Treasury successfully sold two-year debt, with investor demand rising from last month.
The nation’s bonds reversed earlier declines, with investors offering to buy 1.78 times the amount of securities on sale, compared with a bid-to-cover ratio of 1.56 at the previous auction.