Yields rise at Italian debt auction

FITITOL--> FXstreet.com (Barcelona) - Italy held a bond auction on Thursday during which it sold 5.423 billion worth of 5- and 10-year government bonds, meeting the target.

The yield on the benchmark 10-year bond reached 6.19%, in comparison with 6.03% seen at the last auction. The demand was weaker than previously. 5-year yields witnessed an increase to 5.84% (vs 5.66%) but the bid to cover ratio was 1.54, in comparison with the previous 1.35.