Italian bond auction highlights eurozone nation’s woes – Daily Telegraph

The closely-watched auction saw Italy sell €2.5bn of 10-year bonds at an average rate of 6.98pc, down from euro-era highs of 7.56pc at an auction on November 29, but still at levels regarded as unsustainable by analysts. Demand outstripped supply by a ratio of 1.36 to one, compared with 1.34 at …