Italian two-year debt sells at negative yields for first time

Follows Draghi's QE re-examination

Italy sold two-year debt at a negative yield for the first time yesterday, as concerns escalate over global market growth and the likelihood of additional stimulus measures by central banks.

Investors bought €1.75bn of Italian debt at a yield of -0.023%, and paying no coupon, according to the Financial Times. This comes after Mario Draghi, president of the European Central Bank, announced last week the bank will re-examine its €1.1trn quantitative easing stimulus programme at its December meeting, with a view of extending it into 2016. He said: "The asset-purchase plans are proceeding smoothly and continue to have a favourable impact. "The degree of monetary policy accommodation will need to be re-examined at our December meeting." Today's news places Italy in the s...