Italy had to pay record rates in a €10bn bond sale,
Hmm, those were 6 monthers that they sold.
So, if we adopt the terminology of the US markets, these were not bonds, they were bills (bills under 1 year, bonds over what is it, 5 or 10 years, notes inbetween?).
So the question we pedants want to know is, do we actually use the same terminology in the euro markets as in the US?
Are these bills or bonds?