Italian three-year bond yield drops to Oct 2010-low.
The Treasury placed the entire amount of BTPs due in July 2015 out of the initially planned range of EUR 2.5 billion-3.5 billion.
Demand was 1.5 times the offer, down from the bid-to-cover ratio of 1.67 at the October 2012 sale of the similar bond.
The Treasury also auctioned today off-the-run bonds, one BTP due in 2023 for EUR 816 million at a yield of 4.81%, and another for EUR 683 million due in 2029 at a yield of 5.33%.
(EUR 1 = USD 1.275)