Business & Finance

Huge Italian debt sale boosts peripheral bonds

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Italian 10-year yields fell to a 7-1/2 month low of 4.72 percent as the market welcomed the huge 18 billion euros of BTP Italia debt issued late on Thursday, the highest amount ever reaped in a single debt offering.

 

"Italy getting all those inflation-linked bonds away is easing the burden for them going forward," one trader said.

 

Copyright Reuters, 2012