Italian bond sale

Wednesday, 14 December 2011 03:09

Italian Treasury sold whole targeted amount of 3 billion euro.
Borrowing cost rose after yields rose to 6.47% in 5-year debt.
It is a euro-era high level.

Also the yield on 10-year Italian bonds rose to 7.17%.

Germany sold 4.18 billion euro in 2-year bonds at the lowest yields level.

After the auction results, euro slipped to 1.3037 against dollar.
EUR was lower against the pound as well, with EUR/GBP to trade at 0.8408.