Bond yields inch higher as Italy sells 10-year debt
Investing.com
Published Dec 30, 2013 05:31AM ET
Bond yields rise to 4.11% from 4.01% as Italy sells 10-year debt
Italy’s Treasury sold EUR3 billion worth of ten-year debt at an average yield of 4.11%, up from 4.01% at a similar auction last month. The yield on Italian 10-year bonds stood at 4.163% following the auction.
Rome also sold EUR2.5 billion of five-year debt at an average yield of 2.71%, compared to a yield of 2.89% in November.
The euro held on to modest gains against the U.S. dollar, with EUR/USD adding 0.05% to trade at 1.3752.
Meanwhile, European stock markets remained mixed in subdued trade. Italy FTSE MIB Index rose 0.1%, the EURO STOXX 50 dipped 0.15%, France’s CAC 40 shed 0.15%, Germany's DAX slumped 0.2%, while London’s FTSE 100 inched down 0.2%.
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Written By: Investing.com
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