LONDON: Yields on five-year Italian government bonds rose in the secondary market on Wednesday in the run up to an auction of the September 2016 bond.

The benchmark five-year bond yield was up 6.9 basis points at 7.02 percent.

Italy will sell up to 3 billion euros of 5-year BTPs with borrowing costs set to mark new euro-era highs in its first sale of longer-term debt since European Union steps towards greater fiscal integration last week.

Copyright Reuters, 2011

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