“Italy saw borrowing costs fall to the lowest levels on record at an auction of five-and-ten-year government bonds on Wednesday, as investors continued to gauge the health of the euro zone’s third-largest economy. Italy’s Treasury sold €2.5 billion worth of ten-year debt at an average yield of 2.6%, down from 2.81% at a similar auction last month. Rome also sold €3 billion of five-year debt at an average yield of 1.2%, compared to a yield of 1.35% in June.”
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