Italian bonds rise after an auction

Source: Bloomberg
© Scanpix/Reuters
Italian government securities rose after a EUR 6.75 billion debt auction as benchmark yield dropped from the highest point in a week. The yield on 10-year Italian government bonds dropped 4 basis points to 4.41% after increasing 14 basis points in the past 5 days. German bunds were virtually unchanged as data showed that economic confidence in the region improved.

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