Investing.com - Italy saw borrowing costs rise at an auction of 12-month government bonds on Tuesday, as concerns over last month's election deadlock remained in focus.
Italy’s Treasury sold EUR7.75 billion worth of 12-month government bonds at an average yield of 1.28%, up from 1.094% at a similar auction last month.
The yield on Italian 10-year bonds stood at 4.605% following the auction.
Meanwhile, the euro remained lower against the U.S. dollar, with EUR/USD shedding 0.26% to trade at 1.3013.
European stock markets were mixed. Italy FTSE MIB Index rose 0.6%, the EURO STOXX 50 was flat, France’s CAC 40 dipped 0.1%, Germany's DAX declined 0.1%, while London’s FTSE 100 tacked on 0.1%.
Italy’s Treasury sold EUR7.75 billion worth of 12-month government bonds at an average yield of 1.28%, up from 1.094% at a similar auction last month.
The yield on Italian 10-year bonds stood at 4.605% following the auction.
Meanwhile, the euro remained lower against the U.S. dollar, with EUR/USD shedding 0.26% to trade at 1.3013.
European stock markets were mixed. Italy FTSE MIB Index rose 0.6%, the EURO STOXX 50 was flat, France’s CAC 40 dipped 0.1%, Germany's DAX declined 0.1%, while London’s FTSE 100 tacked on 0.1%.