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State paper hits record low at auction

CTZ rate down to 1.031% from 1.346% last month

28 January, 12:36
State paper hits record low at auction (ANSA) - Rome, January 28 - Rates on Italian State paper hit a record low on Tuesday amid optimism Italy is heading out of its longest postwar recession.

The Treasury sold 2.5 billion euros' worth of two-year CTZs at a rate of 1.031%, down from 1.346% in December.

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