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Italy’s Bond Sale Demand Thins Ahead of Risks From Draghi to ECB

  • Italy is selling seven billion euros of 30-year debt via banks
  • Orders above 55 billion euros, short of similar 2020 sale
Updated on

Italy is locking in historically low financing costs at the start of a year where inflationary and political pressures could spell an end to super easy borrowing conditions.

Rome is selling seven billion euros ($7.9 billion) of new 30-year bonds via banks on Wednesday. The offering saw above 55 billion euros of orders, less than two thirds that for a similar sale in October 2020, showing demand for debt has faded compared to the height of the pandemic.