Italy yields drop after good auction
UPDATE: Italy has sold €11 billion in short-term debt, marking its second successful debt auction in consecutive days.
Italian borrowing costs have fallen once again, pushing ten-year yields to 5.94 per cent, after Italy sold €11 billion in short-term debt at some of the lowest rates since last May.
This was Italy's second successful debt auction in consecutive days.
The country sold off €8 billion in 182-day bills and €3 billion in 331-day bills.
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