Rate drops below 1% at one-year Italian-bond auction

(ANSA) – Rome, October 10 – The average interest rate on one-year Italian BOT bonds fell below the 1% mark at a Treasury auction on Thursday for the first time since June.

The Treasury sold all of the 8.5 billion euros worth of BOTs that it put up for auction at an average rate of 0.999%, down from 1.34% at the last sale in September.