Investing.com - Italy saw borrowing costs rise at an auction of three-year government bonds on Thursday, as fears over the future of central banks stimulus saw investors move out of riskier assets.
Italy’s Treasury sold EUR3.415 billion worth of three-year government bonds at an average yield of 2.38%, up from 1.92% at a similar auction last month.
Rome also sold EUR1.5 billion worth of 15-year government bonds at a yield of 4.68%, up slightly from 4.67% at a previous auction.
In total, Italy’s treasury sold EUR4.9 billion worth of debt, in the upper range of the full targeted amount of EUR3.5 billion to EUR5 billion.
The yield on Italian 10-year bonds stood at 4.365% following the auction.
Meanwhile, the euro turned lower against the U.S. dollar, with EUR/USD shedding 0.05% to trade at 1.3329.
European stock markets were sharply lower. Italy FTSE MIB Index fell 0.95%, the EURO STOXX 50 tumbled 1.6%, France’s CAC 40 sank 1.2%, Germany’s DAX dropped 1.9%, while London’s FTSE 100 lost 1.3%.
Italy’s Treasury sold EUR3.415 billion worth of three-year government bonds at an average yield of 2.38%, up from 1.92% at a similar auction last month.
Rome also sold EUR1.5 billion worth of 15-year government bonds at a yield of 4.68%, up slightly from 4.67% at a previous auction.
In total, Italy’s treasury sold EUR4.9 billion worth of debt, in the upper range of the full targeted amount of EUR3.5 billion to EUR5 billion.
The yield on Italian 10-year bonds stood at 4.365% following the auction.
Meanwhile, the euro turned lower against the U.S. dollar, with EUR/USD shedding 0.05% to trade at 1.3329.
European stock markets were sharply lower. Italy FTSE MIB Index fell 0.95%, the EURO STOXX 50 tumbled 1.6%, France’s CAC 40 sank 1.2%, Germany’s DAX dropped 1.9%, while London’s FTSE 100 lost 1.3%.