Rates fall at Italian bond auctions
Five-year BTPs back under 3%, first time since April30 October, 12:46
The Treasury sold three billion euros' worth of five-year BTPs bonds at an average rate of 2.89%, down below the 3% mark for the first time since April.
The five-year BTPs went for an average rate of 3.38% at an auction in September.
The Treasury also sold three billion euros' worth of 10-year bonds, with the average interest rate dropping to 4.11% from 4.5% at a sale in September.