Investing.com - Italy saw borrowing costs fall to the lowest level since March 2010 at an auction of three-year government bonds on Wednesday, amid easing concerns over the health of the euro zone’s third-largest economy.
Italy’s Treasury sold EUR3 billion worth of three-year government bonds at an average yield of 1.79%, down from 2.25% at a similar auction last month.
Rome also sold EUR1.468 billion of 30-year debt at an average yield of 4.99% compared to a yield of 5.19% at a previous auction.
The yield on Italian 10-year bonds stood at 4.158% following the auction.
The euro held on to mild losses against the U.S. dollar following the auction, with EUR/USD easing down 0.13% to trade at 1.3419.
Meanwhile, European stock markets remained lower. Italy FTSE MIB Index fell 0.75%, the EURO STOXX 50 dipped 0.4%, France’s CAC 40 shed 0.35%, Germany’s DAX declined 0.25%, while London’s FTSE 100 dropped 0.85%.
Italy’s Treasury sold EUR3 billion worth of three-year government bonds at an average yield of 1.79%, down from 2.25% at a similar auction last month.
Rome also sold EUR1.468 billion of 30-year debt at an average yield of 4.99% compared to a yield of 5.19% at a previous auction.
The yield on Italian 10-year bonds stood at 4.158% following the auction.
The euro held on to mild losses against the U.S. dollar following the auction, with EUR/USD easing down 0.13% to trade at 1.3419.
Meanwhile, European stock markets remained lower. Italy FTSE MIB Index fell 0.75%, the EURO STOXX 50 dipped 0.4%, France’s CAC 40 shed 0.35%, Germany’s DAX declined 0.25%, while London’s FTSE 100 dropped 0.85%.