Rome

Rates rise at bond auction

One-year rate 0.962%, up from May's low of 0.703%

Rates rise at bond auction

Rome, June 12 - Interest rates rose at an auction of one-year bonds Wednesday but demand was high for the seven million euros of Treasury paper up for sale. The average rate came out at 0.962%, the highest since March and more than 0.25% up from May's all-time low of 0.703%. Demand was 1.49 times the amount on offer, up from 1.116 in May.

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