Rome

Rate drops back below 1% in Italian six-month auction

Treasury sells 8.5 billion euros in BOTs

Rate drops back below 1% in Italian six-month auction

Rome, July 29 - The average interest rate on six-month Italian bonds fell back below the 1% mark at an auction on Monday. The Treasury sold all 8.5 billion euros of the BOT bonds set to expire in January that it put up for sale at an average rate of 0.799%. The interest rate on six-month Italian bonds at an auction last month was 1.052%, which was a sharp rise on the rate at the May sale of 0.538%.

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