Rome

Interest rates fall in seven-billion Italian bond auction

Treasury hits target with sale

Interest rates fall in seven-billion Italian bond auction

Rome, October 30 - Interest rates fell sharply on Tuesday in a successful auction in which the Italian Treasury offloaded all seven billion euros worth of the five-year and 10-year bonds it put up for sale. The average interest rate fixed for five-year BTP bonds was 3.80%, compared to 4.09% at a similar sale in September. The average rate for 10-year BTPs was 4.92%, compared to 5.24% last time.

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