ITALY DEBT AGENCY (TESORO) SELLS TOTAL €3.51B IN 5-YEAR AND 10-YEAR BTP BONDS
- Sells €2.0B vs. €1.5-2.0B indicated range in 2.45% Oct 2023 BTP bonds; Avg Yield: 1.79% v 2.35% prior; Bid-to-cover: x v 1.34x prior
- Sells €1.511B in 2.8% Dec 2028 BTP bonds; Avg Yield: 2.70% v 3.24% prior; Bid-to-cover: 2.03x v 1.41x prior