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Italian three-year bonds sold at record-low rate

Treasury says interest of just 0.89%, lowest in its history

Redazione Ansa

(ANSA) - Rome, June 12 - The Italian Treasury said Thursday it sold 8.5 billion euros of three-year bonds at a new record low interest rate of 0.89%.
    The entire offering of the bonds, which mature in May 2017, were sold, the Treasury said in a note.
    Meanwhile, Italy's benchmark 10-year bond was trading Thursday morning at a low level of 2.80% with the spread between BTPs and the ultra-safe German Bund opening trading at 140 basis points.
    The spread closed Wednesday at 139 basis points.
   

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