Rome

Rates dive at short-term bond auction

3-mth, 12-mth yields down to 0.7%, 1.69%

Rates dive at short-term bond auction

(ANSA) - Rome, September 12 - Rates dived at a short-term Italian bond auction Wednesday following last week's European Central Bank promise of unlimited bond-buying for troubled countries like Spain and Italy. The yield of three-month state paper fell from 0.865% to 0.700% and the yield on 12-month paper sank to 1.692% from 2.767% at the last such auction.

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