Italy sells 11 billion euros of debt at lower yield

Before Monday's 5-year and 10-year notes selling and after the successful bond selling yesterday by the Italian government , it sold 8 billion euros of 182-day notes with an average yield of 1.969%, lower than the 3.251% recorded the previous auction in December, while demand retreated to 1.35 times from 1.69 times in the prior auction. The Treasury also auctioned 3 billion euros of 331-day bills at a yield of 2.214%, reaching the maximum selling of the auction of 11 billion euros.