LONDON Oct 4 Italian government bond yields
rose on Tuesday after Rome announced late on Monday that it had
selected a group of banks to manage the sale of its debut
Italy, which could sell the bond as early as Tuesday, joins
other euro zone countries including Spain and France that have
locked in historically low rates to sell ultra-long debt this
year, markets news service IFR reported.
The country's 10- and 30-year bond yields rose around 5
basis points to 1.28 percent and 2.31 percent
, respectively, according to Tradeweb.
Yields tend to rise ahead of bond sales as investors make
room in their portfolios for the new debt.
(Reporting by John Geddie; Editing by Atul Prakash)