Italy rates edge up in 5, 10 year bond sale

ROME: Italian borrowing rates rose slightly in a five to ten-year debt auction on Friday, as the government raised close to 6.0 billion euros ($7.9 billion) in its last bond sale of 2012.

The Treasury raised 2.87 billion euros in five-year bonds, at a rate of 3.26 percent compared with 3.23 percent at the last comparable operation in November, and 3.0 billion euros in 10-year bonds at 4.48 percent, up from 4.45 percent, the Bank of Italy said.