Italy hits record yield lows amid plans for dollar deal

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Italy hits record yield lows amid plans for dollar deal

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Italy hit its lowest five and 10 year yields of the eurozone era at auction on Thursday, as the country benefited from more hints from the European Central Bank that it is preparing to launch sovereign quantitative easing. The auctions came as the Italian Treasury worked on a plan to shift some of the country’s regional debt onto the central bank balance sheet and outlined plans for a return to the dollar market next year.

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