27 Sep 2013
Italy's 10-year bond yields highest since June at debt auction
FXstreet.com (Barcelona) - The Italian Treasury held a debt auction on Friday during which it sold a total of 6 billion euros worth of 10- and 5-year bonds, meeting the maximum target of 5-6 billion euros.
10-year bonds were auctioned at an average yield of 4.5%, compared with 4.46% seen at the previous auction. Bid-to-cover ratio dropped to 1.38 vs 1.52 prior.
The yield on 5-year bonds remained unchanged from the auction in August at 3.38%.
10-year bonds were auctioned at an average yield of 4.5%, compared with 4.46% seen at the previous auction. Bid-to-cover ratio dropped to 1.38 vs 1.52 prior.
The yield on 5-year bonds remained unchanged from the auction in August at 3.38%.