Investing.com - Italy saw borrowing costs fall to the lowest levels on record at an auction of ten-year government bonds on Tuesday, as investors continued to gauge the health of the euro zone’s third-largest economy.
Italy’s Treasury sold €3 billion worth of ten-year debt at an average yield of 3.22%, down from 3.29% at a similar auction last month.
The yield on Italy's 10-Year bond stood at 3.178% following the auction, the lowest since January 2006.
Rome also sold €3.5 billion of five-year debt at an average yield of 1.84%, compared to a yield of 1.88% in March.
Following the auction, the euro held on to gains against the U.S. dollar, with EUR/USD rising 0.13% to trade at 1.3868.
Meanwhile, European stock markets remained higher. Italy FTSE MIB advanced 1.2%, the Euro Stoxx 50 rose 0.55%, France’s CAC 40 inched up 0.1%, Germany's DAX climbed 0.65%, while London’s FTSE 100 tacked on 0.5%.