Sabato, 20 Ottobre 2018

Rate on 3-year Italian bond falls below 2% at auction


Rome, May 13 - The rate on three-year Italian bonds
fell below the 2% mark at a successful Treasury auction on
Monday in another sign that the country's borrowing costs are
easing after Premier Enrico Letta formed a left-right government
last month to end a lengthy post-election deadlock.
The Treasury sold all of the 3.5 billion euros' worth of
three-year BTPs it put up for sale at an average interest rate
of 1.92%, compared to 2.29% at the last equivalent auction in
The rate also fell at an auction of 15-year BTPs.
The Treasury sold 1.5 billion euros' worth of these bonds
at an average rate of 4.07%, down from the 4.55% they went for
in a February sale.

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