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Tuff-Stuff

08/30/11 5:55 AM

#405037 RE: Tuff-Stuff #405036

The ECB's purchase of Spanish and Italian bonds continues to work its magic as Italy sells €7.7B ($11.1B) of debt, with the yield on its benchmark 10-year note falling to 5.22% from 5.77% at an auction a month ago. The Treasury had planned to sell up to €8B of bonds, and bids totalled €10.4B.