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Response to Tansy_Gold (Original post)

Mon Aug 13, 2012, 05:54 AM

9. Italy Sells 8 Billion Euros Of Bills As Borrowing Costs Rise

http://www.bloomberg.com/news/2012-08-13/italy-sells-8-billion-euros-of-bills-as-borrowing-costs-rise.html

Italy sold 8 billion euros ($9.9 billion) of Treasury bills as borrowing costs rose amid speculation the European Central Bank’s plan to purchase the securities of indebted nations won’t be sufficient to curb the regional debt crisis.
The Rome-based Treasury sold the 364-day bills at 2.767 percent, up from 2.697 percent at the last sale of similar- maturity debt on July 12. Investors bid for 1.69 times the amount of bills offered, up from 1.55 times last month.

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