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Borrowing costs hit record low in Italy one-year bond sale

Fully seven billion euros of bonds sold

12 March, 14:15
Borrowing costs hit record low in Italy one-year bond sale (ANSA) - Rome, March 12 - Borrowing costs in Italy fell to a record low Wednesday as one-year Italian bonds saw yields drop to an average of 0.592% with seven billion euros of bonds sold.

That was the full amount targeted for sale by the Treasury and suggests confidence in the health of the Italian economy may be slowly edging up.

The yield is also below the average of 0.676% recorded at a similar auction last month.

Shortly after the auction, the spread between Italy's 10-year BTP and its German equivalent stood at 179 basis points, near Tuesday's close of 175 basis points.

The yield on the 10-year bond stood at 3.40%.

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