Italian yields rise before an auction

Italy's 10-year government securities fell for a fourth consecutive day before an auction EUR 3 billion zero-coupon notes, maturing in 2015. Yield rose 3 basis points to 4.43% so far today after it reached 4.44% earlier, the highest point since July 18. Yield on similar-maturity German government bonds declined 2 basis points, while yield on Spanish bonds climbed 1 basis point.