Yields fall as Italy debt sale raises 11 bn euros from MarketWatch.com - MarketPulse FRANKFURT (MarketWatch) -- Italy saw short-term borrowing costs fall Friday as it sold 11 billion euros ($14.4 billion) in bills at auction. Italy's Treasury sold 8 billion euros of six-month bills, or BOTs, at an average yield of 1.97%, down from 3.25% in a sale in late December. Bids exceeded supply 1.35 times, down from a bid-to-cover ratio of 1.69 in December. The Treasury also sold 3 billion euros of flexible BOTs maturing in December at an average yield of 2.21%. In the secondary market, the yield on 10-year Italian government bonds continued its recent decline, falling 18 basis points to 5.88%, its lowest level since early December, according to electronic trading platform Tradeweb.