Italy debt auction meets target

FXstreet.com (Barcelona) - Italy sold 8 billion euros of 3, 5 and 15 year BTP notes on Monday on Tuesday, meeting the amount targeted.

The Italian Treasury sold 3.5 billion euros in 3 year bonds. The average yield was 1.92%, down from 2.29% at the previous auction and the lowest since January. The bid to cover decreased to 1.336 vs 1.403 seen in April.