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Decent take-up at Italian auction but yields rise

FXstreet.com (Barcelona) - The Italian Treasury carried out a debt auction on Thursday during which it sold a total of 5.75 billion euro worth of 5- and 10-year BTPs, meeting the 4.5-5.75 billion euro target.

2.75 billion euros BTPs maturing in June 2018 were auctioned at an average yield of 3.01%, compared with 2.84% % seen at the previous auction. 3 billion euros worth of BTPs maturing in May 2023, were sold at an average yield of 4.14% versus the previous 3.94%.

EUR/CHF extends its decline

Increasing concerns regarding global growth have prompted investors to find shelter in the safe haven CHF, dragging the cross to the boundaries of 1.2420 on Thursday...
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