Italy's 10-year yields drop after sales on Thursday

Italian government bonds increased on Thursday pushing the 10-year yield to its lowest in six weeks after a report showed that borrowing costs dropped at sales of 7.2 billion euros of debt. Italy's 10-year yields decreased by two basis points, or 0.02 percentage points, to 4.30% at 1:49 p.m. in London after the rate fell to the lowest level since February 25 at 4.26% on April 8.