Italy hits sterling bid to get longest clip in a year away
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Italy hits sterling bid to get longest clip in a year away

Italy sold its longest print of commercial paper in over a year early this week — a five month piece — in the aftermath of an announcement that Spain would apply to the European Union for a bail-out for its banking system. The sovereign has built up its presence in CP this year, having more than doubled its outstandings in the past two months.

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