Italy sold 8 billion euros of debt maturing at 2017 and 2022 where the sale witnessed a drop in yields. The government sold 3.25 billion euro of 10-year notes with a yield of 5.24% compared with 5.5% in an auction on February 28, while the bid reached 1.65 times from 1.40 at a prior auction.

On the other hand, the five-year bills saw a yield of 4.18% from 4.19% at a previous auction while bid-to-cover ratio soared to 1.65 from 1.41.