Rate on 3-year Italian bond falls below 2% at auction
Down to 1.92% from 2.29% at last sale in April
13 May, 12:01
(ANSA) - Rome, May 13 - The rate on three-year Italian bonds
fell below the 2% mark at a successful Treasury auction on
Monday in another sign that the country's borrowing costs are
easing after Premier Enrico Letta formed a left-right government
last month to end a lengthy post-election deadlock.The Treasury sold all of the 3.5 billion euros' worth of three-year BTPs it put up for sale at an average interest rate of 1.92%, compared to 2.29% at the last equivalent auction in April. The rate also fell at an auction of 15-year BTPs.
The Treasury sold 1.5 billion euros' worth of these bonds at an average rate of 4.07%, down from the 4.55% they went for in a February sale.
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