Investing.com - Italy saw borrowing costs rise to the highest level since December at an auction of 12-month government bonds on Tuesday, amid uncertainty ahead of upcoming general elections in Italy.
Italy’s Treasury sold the full-targeted amount of EUR8.5 billion worth of 12-month government bonds at an average yield of 1.094%, the highest since December and up from 0.864% at a similar auction last month.
The yield on Italian 10-year bonds stood at 4.572% following the auction.
Meanwhile, the euro remained lower against the U.S. dollar, with EUR/USD shedding 0.15% to trade at 1.3384.
European stock markets were mixed. Italy FTSE MIB Index fell 0.4%, the EURO STOXX 50 was flat, France’s CAC 40 was little changed, Germany's DAX declined 0.3%, while London’s FTSE 100 tacked on 0.2%.
Italy’s Treasury sold the full-targeted amount of EUR8.5 billion worth of 12-month government bonds at an average yield of 1.094%, the highest since December and up from 0.864% at a similar auction last month.
The yield on Italian 10-year bonds stood at 4.572% following the auction.
Meanwhile, the euro remained lower against the U.S. dollar, with EUR/USD shedding 0.15% to trade at 1.3384.
European stock markets were mixed. Italy FTSE MIB Index fell 0.4%, the EURO STOXX 50 was flat, France’s CAC 40 was little changed, Germany's DAX declined 0.3%, while London’s FTSE 100 tacked on 0.2%.