Italian auction results: Sold a total of Eur 11 bln of 3 and 12 mth BOT’s

Full take up but worsening yields and cover

Sold Eur 3 bln of 91 day BOT, yield 1.249% (from 0.492%), cover 1.81 (from 2.23)

Sold Eur 8 bln of 361 day BOT, yield 2.84% (from 1.405%), cover 1.52 (rom 1.38)

EUR’s drifting around 1.3115