Italy will bond auction august 28,30 august 2012

Italy will bond auction august 28,30 august 2012 : Speculation on what the ECB's proposal to buy bonds of troubled euro zone countries may look like and resurgent risks of a Greek euro zone exit have been behind the volatility.

Next month is likely to prove pivotal with the ECB's policy meeting on Sept. 6 followed by the German Constitutional Court's ruling on the euro zone's permanent bailout fund on Sept. 12.

Italian 10-year bond yields were 7.5 basis points lower at 5.71 percent but the bonds were expected to come under pressure before debt sales on Tuesday and Thursday as dealers make way for the new issuance on their books.

However, cash from an 11.5 billion euro zero-coupon bond redemption on Friday should offer support.

Italy will sell up to 3.75 billion euros of zero-coupon and inflation-linked bonds on Tuesday and will announce later on Monday details of a BTP auction on Thursday.

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