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In the end, the continuous rise in the yields of Italian government bonds “crystallized” on Wednesday morning, in the placements of BTp. The Treasury has in fact offered various maturities of multi-year bonds at auction, for a total of 8 billion euros, but the market has asked for interest rates that have not been seen for years. Inflation is too high, from an investor’s point of view, to “settle” for the yields of a month ago. Thus the three-year BTp were placed for 3.75 billion with …