ROME: Italy raised 3.5 billion euros ($4.3 billion) in three-year bonds at a sale on Friday where the rate fell to 4.65 percent from 5.30 percent last month, easing market jitters after a rating downgrade.
The results of the auction pushed the Milan stock exchange up towards zero after falls seen earlier in the session and the differential between 10-year Italian and German government bonds on the secondary market eased sharply.
Dow Jones Newswires contributed to this report
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