Investing.com - Italy saw borrowing costs rise at an auction of five- and ten-year government bonds Wednesday, amid concerns that Italian election results could threaten economic reforms and reignite financial instability in the euro zone.
Italy’s Treasury sold EUR4 billion worth of ten-year debt at an average yield of 4.83%, up from 4.17% at a similar auction last month.
Rome also sold EUR2.5 billion of five-year government bonds at an average yield of 3.59%, up from 2.94% at a similar auction last month.
The yield on Italian 10-year bonds stood at 4.844% following the auction.
Meanwhile, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.24% to trade at 1.3094.
European stock markets remained higher. Italy FTSE MIB Index rose 0.45%, the EURO STOXX 50 gained 0.2%, France’s CAC 40 advanced 0.4%, Germany's DAX tacked on 0.1%, while London’s FTSE 100 eased up 0.15%.
Italy’s Treasury sold EUR4 billion worth of ten-year debt at an average yield of 4.83%, up from 4.17% at a similar auction last month.
Rome also sold EUR2.5 billion of five-year government bonds at an average yield of 3.59%, up from 2.94% at a similar auction last month.
The yield on Italian 10-year bonds stood at 4.844% following the auction.
Meanwhile, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.24% to trade at 1.3094.
European stock markets remained higher. Italy FTSE MIB Index rose 0.45%, the EURO STOXX 50 gained 0.2%, France’s CAC 40 advanced 0.4%, Germany's DAX tacked on 0.1%, while London’s FTSE 100 eased up 0.15%.