Italy and Germany auction domestic bonds

Note: This section contains information in English only.
Source: Marketwatch

On Wednesday Italy and Germany sold bonds with sharply contrasting yields for same maturity bills. While Germany sold 2-year bills worth €4.18 bn at an average cost of 0.29%, Italian central bank had to pay 6.47% on €3 bn five-year notes, a new euro era record high. To compare, in November Italian borrowing cost for same maturity papers was 6.29%. 

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