Thursday 11 October 2012

Italian Bond Auction - Business Insider

ESPN

Italy's Mario Balotelli

Italy just sold 3.75 billion euros worth of bonds maturing in 2015.

According to Bloomberg, the yield was 2.86 percent, which was higher than the 2.75 percent rate at a similar auction on September 15.

However, demand was stronger as the bid to cover ratio was 1.67, up from 1.49 at the September auction.

Markets aren't moving much on the auction.

Source: http://www.businessinsider.com/italian-bond-auction-2012-10

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