EU bail-in deal spurs strong demand for Italian bonds

Italy has sold €2.5 billion in bonds maturing in 2018 and another €2.5 billion in bonds maturing in 2023, the maximum amount offered. The sale comes after EU finance ministers reached an accord on bank bail-in. "Demand was well supported by those dealers who bet on some re-alignment in spreads," Newedge Group analyst Annalisa Piazza wrote in a note.

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