The Italian government sold 5 billion euros worth of debt at auctions that were met with healthy demand.
This morning’s offering included 4.5 billion euros worth of 2-year debt, which sold at a yield of 3.76%. In December, 2-year debt sold for 4.85%.
Check out the move in the Italian 10-year yield.
[credit provider=”Bloomberg” url=”http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND#chart”]