Rome

Good demand means lower rates for Italy's bonds

Target of 6.5 billion reached at auction

Good demand means lower rates for Italy's bonds

(ANSA) - Rome, August 30 - Good demand meant slightly lower interest rates in Thursday's auction of five- and 10-year Italian treasury bonds. The maximum target of 6.5 billion euros in bonds was sold, with the rate on the five-year bonds dropping to 4.73% from 5.29% at a similar auction in July. Ten-year paper saw a less marked decline, to 5.82% Thursday from the previous 5.96%.

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