Strong demand at Italian debt auction

FXstreet.com (Barcelona) - The Italian Treasury held a debt auction on Thursday during which it sold a total of 7.169 billion euro worth of 3- year bonds and CCTEU notes, exceeding the maximum target of 5.5-7.5 billion euros.

The 3-year bonds were auctioned at an average yield of 2.29%, compared with 2.48% seen at the previous auction. This is the lowest yield since January.