Strong bond auction drives drop in yields
6-month borrowing costs below 2%, lowest since June
27 January, 12:26
A lower yield was last seen in May. The country has experienced a recent drop in yields, mostly driven by demand from Italian banks holding cheap three-year loans from the European Central Bank. The spread between 10-year Italian and German bonds, a measure of Italy's credibility on the sovereign-debt market, fell to 408 points.
http://www.ansa.it/web/notizie/rubriche/english/2012/01/27/visualizza_new.html_70146828.html
Friday, 27 January 2012
(ANSA) - Milan, January 27 - Italy's six-month borrowing costs fell below 2%, their lowest level since June, at a bond auction on Friday. The Treasury, which received requests for 15 billion euros in state paper, sold the maximum 11 billion at 1.969% interest.
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