Italy issued a total of 18 billion euros ($18.61 billion) in a dual-tranche government bond transaction on Wednesday, attracting very strong demand, said one of the joint bookrunner banks.

Italy issued a total of 18 billion euros ($18.61 billion) in a dual-tranche government bond transaction on Wednesday, attracting very strong demand, said one of the joint bookrunner banks.

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The cost of borrowing soared to its highest level for more than a quarter of a century this week as gilt yields continue to rise. What are they?

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