Italy's cost of borrowing fell during key bond auction

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Source: Forexfactory
Italian 10-year cost of borrowing approached six-month low during the key bond auction on Thursday as prospects of cheap ECB loans stimulated the debt sale. The country sold about 6.25 billion euro worth debt with the yield of 5.50% as compared to 6.25% at the January's bond sale. Demand for 10-year debt exceeded supply 1.4 times and the sale amounted 3.75 billion euro.
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