April 26, 2012 / 7:46 AM / in 6 years

EURO GOVT-Italian yields fall, Draghi comments help

LONDON, April 26 (Reuters) - Italian government bond yields fell on Thursday and other peripheral euro zone government yields were also lower with traders citing ECB President Mario Draghi’s calls the previous day for a “growth compact” .

Italian 10-year government bond yields were 6.5 basis points lower at 5.59 percent. Two- and 5-year yields were down a similar amount.

“There’s a bit of euphoria over the growth compact being discussed by Draghi yesterday but we’re seeing very light flows,” a trader said.

Italy will on Friday sell up to 6.25 billion euros of bonds with a maturity of up to 10 years.

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