In thin end-of-year trading, Italy managed to sell 8.1 billion euros’ ($10.77 billion) worth of 3- and 10-year bonds on Thursday, following a sale on Wednesday of 3.5 billion euros in zero-coupon bonds maturing in 2012 and 8.5 billion euros in six-month bills. Thursday also saw a rise in Italian bond futures.
The bills’ auction saw yields 20 basis points higher than at the last such sale, and there were only slightly more bidders at the zero-coupon bond sale than bonds for sale, according to Reuters.