Rome

Interest rates fall at Italian bond auctions

3-year BTPs drops to 2.29%, 15-year bond down to 4.68%

Interest rates fall at Italian bond auctions

(see related story on spread) Rome, April 11 - The interest rate on Italian bonds fell at two Treasury auctions on Thursday, despite the country's ongoing political deadlock. The average rate on the three-year BTP bond fell to 2.29%, compared to 2.48% at the last equivalent auction. The Treasury hit its target of selling 1.67 billion euros' worth of the bonds, which will mature in May 2016. It also sold 1.67 billion euros' worth of 15-year BTPs set to mature in September 2028, with an average interest rate of 4.68%, compared to 4.90% at the last sale.

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