In today's auction Italy's yields are again
expected to surpass critical level of 7%. Treasury in Rome is planning to offer
3-year notes worth 3.5 bn euros, 10-year bonds worth 2.5bn euros and bonds
maturing 2020 worth 2 bn euros. Italy was forced to borrow above 7 % in
auctions yesterday and on November 25. Chiara Cremonesi, a strategist at
Unicredit predicts 10-year notes may again hit the 7% rate.