ITALY DEBT AGENCY (TESORO) SELLS TOTAL €5.25B VS. €4.00-5.25B INDICATED RANGE IN 5-YEAR AND 10-YEAR BONDS
- Sells €2.5B v €2.0-2.5B indicated 1.5% 2019 Bonds; avg yield 1.23% v 1.06% prior; bid-to-cover 1.45x v 1.48x prior
- Sells €2.75B v €2.25-2.75B indicated 2.50% 2024 Bonds; avg yield 2.44% v 2.45% prior; bid-to-cover 1.48x v 1.34x prior