Rome

Spread down to 315 after good bond auctions

Yield 4.52%

Spread down to 315 after good bond auctions

Rome, December 27 - The bellwether spread between Italian and German 10-year bonds edged down to 315 points Thursday after two good auctions of short-term State paper. The yield on Italian 10-year bonds fell to 4.52%. In the first auction, the Treasury had no problem offloading 8.4 billion euros' worth of six-month bonds, although the yield edged up to 0.949% from 0.919% at the last such auction on November 28. In the second, the Treasury sold 3.25 billion euros' worth of CTZs and the yield fell to 0.884% from 1.923% on November 27.

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