The Italian Treasury was able to sell medium and long term bonds with a value of 7.94 billion euros on Friday in the first bond auction after the European Summit provided a comprehensive plan to overcome the two-year old debt crisis. Italy targeted to sell bonds in the range of 5.25 to 8.5 billion euros.

Yield on 10-year maturity bonds rose to 6.06% from the previous 5.86% yields in September. In addition, yields on 3-year bonds maturing in July 2014 rose to 4.93% from 4.68% in September, the highest since November 2000.