Italy raised €12 billion in a bond auction today, with borrowing rates for short-term funds down in a sign of improving market confidence, the Bank of Italy said.
Italy raised €8.5 billion in 12-month bonds and €3.5 billion in flexible Treasury bills to mature within 127 days, the bank said.
Borrowing rates on the 12-month bonds fell to 2.23% compared to 2.735% in the last similar operation in January. Rates on the flexible Treasury bills were set at 1.546%.
The last similar operation was the January sale of flexible bills set to mature after 136 days, which went at a rate of 1.644%.
