Decent demand at Italian debt auction, yields fall

FXstreet.com (Barcelona) - The Italian Treasury held a debt auction on Wednesday during which it sold a total of 6 billion euros worth of 10- and 5-year bonds, meeting the target of 5-6 billion euros.

3 billion euros of 10-year bonds were auctioned at an average yield of 4.11%, compared with 4.50% seen at the previous auction. 3 billion euros worth of 5-year bonds, were sold at an average yield of 2.89% versus the previous 3.38%.