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Italian three-year bond yield drops to Oct 2010-low.

(SeeNews) - Nov 14, 2012 - Italy sold today all planned EUR 3.5 billion (USD 4.461bn) in three-year bonds, BTP, paying a yield of 2.64%, down from the October 2.86% yield and the lowest since October 2010.

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)
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Publication:SeeNews Austria
Date:Nov 14, 2012
Words:130
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