MW:Yields fall as Italy sells 7 bln euros of bonds
By William L. Watts
FRANKFURT (MarketWatch) -- Italy sold another round of government bonds Thursday, with yields falling for 2014 and 2022 debt, news reports said. Italy raised a total of around 7 billion euros ($9 billion) of various bonds. The government had planned to raise between 5 billion and 8.5 billion euros. Italy paid a yield of 5.62% to sell new three-year debt, down sharply from 7.89% in an auction last month, Reuters reported, while 10-year bonds were sold at a yield of 6.98%, down from 7.56% in a late November auction.
