Investing.com - Italy saw borrowing costs edge lower at an auction of three-year government bonds on Thursday, as market players continued to monitor the handling of the country’s debt crisis.
Italy’s Treasury sold EUR3.385 billion worth of three-year government bonds at an average yield of 2.33%, down slightly from 2.38% at a similar auction last month.
Rome also sold EUR1.46 billion worth of 30-year government bonds at a yield of 5.19%.
In total, Italy’s treasury sold EUR6.345 billion worth of debt, below the full targeted amount of EUR6.5 billion.
The yield on Italian 10-year bonds stood at 4.473% following the auction.
Meanwhile, the euro was higher against the U.S. dollar, with EUR/USD gaining 0.5% to trade at 1.3045.
European stock markets were up. Italy FTSE MIB Index rose 0.5%, the EURO STOXX 50 gained 0.8%, France’s CAC 40 added 0.7%, Germany’s DAX rallied 1.3%, while London’s FTSE 100 climbed 0.8%.
Italy’s Treasury sold EUR3.385 billion worth of three-year government bonds at an average yield of 2.33%, down slightly from 2.38% at a similar auction last month.
Rome also sold EUR1.46 billion worth of 30-year government bonds at a yield of 5.19%.
In total, Italy’s treasury sold EUR6.345 billion worth of debt, below the full targeted amount of EUR6.5 billion.
The yield on Italian 10-year bonds stood at 4.473% following the auction.
Meanwhile, the euro was higher against the U.S. dollar, with EUR/USD gaining 0.5% to trade at 1.3045.
European stock markets were up. Italy FTSE MIB Index rose 0.5%, the EURO STOXX 50 gained 0.8%, France’s CAC 40 added 0.7%, Germany’s DAX rallied 1.3%, while London’s FTSE 100 climbed 0.8%.