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Tuff-Stuff

06/14/12 6:01 AM

#464716 RE: Tuff-Stuff #464715

Italy manages to sell €4.5B at its bond auction, the top of its target range of €2.75B-4.5B, but yields are significantly higher. Three-year yield of 5.3% (vs. 3.91% mid-May) is highest since December.