Italian auction results. Sold Eur 4.75 out of a targeted Eur 4.75bln

Sold Eur 0.779 bln of 4.25% July 2014 BTP, yield 4.29% , cover 2.276

Sold Eur 0.971 bln of 4.5% Aug 2018 BTP, yield 5.75% , cover 1.606

Sold Eur 3 bln of 6% Nov 2014 BTP yield 4.83% (vs 5.62%) , cover 1.218 (vs. 1.364)

Full take up with improved yields in the Nov BTP. EUR/USD steady around 1.2820 after some jostling in anticipation of the results.