Investing.com - Italy saw borrowing costs edge higher at an auction of five- and ten-year government bonds Thursday, amid ongoing concerns over the country’s economic outlook.
Italy’s Treasury sold EUR3 billion worth of ten-year debt at an average yield of 4.14%, up from 3.94% at a similar auction last month.
Rome also sold EUR2.75 billion of five-year government bonds at an average yield of 3.01%, up from 2.84% at a similar auction last month.
In total the country sold EUR5.75 billion of government debt, in line with expectations.
The yield on Italian 10-year bonds stood at 4.199% following the auction.
Meanwhile, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.24% to trade at 1.2971.
European stock markets remained mixed. Italy FTSE MIB Index eased up 0.4%, the EURO STOXX 50 gained 0.1%, France’s CAC 40 advanced 0.1%, Germany's DAX dipped 0.1%, while London’s FTSE 100 eased up 0.1%.
Italy’s Treasury sold EUR3 billion worth of ten-year debt at an average yield of 4.14%, up from 3.94% at a similar auction last month.
Rome also sold EUR2.75 billion of five-year government bonds at an average yield of 3.01%, up from 2.84% at a similar auction last month.
In total the country sold EUR5.75 billion of government debt, in line with expectations.
The yield on Italian 10-year bonds stood at 4.199% following the auction.
Meanwhile, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.24% to trade at 1.2971.
European stock markets remained mixed. Italy FTSE MIB Index eased up 0.4%, the EURO STOXX 50 gained 0.1%, France’s CAC 40 advanced 0.1%, Germany's DAX dipped 0.1%, while London’s FTSE 100 eased up 0.1%.