Italian yields decline after successful auction

Source: Marketwatch
The borrowing costs on Italian notes fell on Tuesday after country successfully auctioned its bonds. Italy's Treasury sold EUR 2.82 billion of 2-year zero-coupon bills at average yield of 2.35%, compared to 3.01% in a auction last month. Demand exceeded offer 1.9 times. Euro rose to 1-month record high against greenback to USD 1.3385.
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