Italy swaps out debt but yields rise again

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Italy swaps out debt but yields rise again

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National flag of Italy on a flagpole in front of blue sky | Birgit Korber/BirgitKorber - stock.adobe.com

Italy replaced €3.8bn of a short dated BTP Italia with longer dated conventional BTPs on Thursday, but against a backdrop where its bond yields were once again on an upward trajectory.

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