Investing.com - Italy saw borrowing costs rise to the highest level since March at an auction of 12-month government bonds on Wednesday.
Italy’s Treasury sold the full-targeted amount of EUR7 billion worth of 12-month government bonds at an average yield of 0.962%, the highest since March and up from 0.703% at a similar auction last month.
The yield on Italian 10-year bonds stood at 4.314% following the auction.
Meanwhile, the euro remained lower against the U.S. dollar, with EUR/USD shedding 0.18% to trade at 1.3289.
European stock markets were higher. Italy FTSE MIB Index rose 0.25%, the EURO STOXX 50 added 0.5%, France’s CAC 40 gained 0.4%, Germany’s DAX tacked on 0.2%, while London’s FTSE 100 eased up 0.1%.
Italy’s Treasury sold the full-targeted amount of EUR7 billion worth of 12-month government bonds at an average yield of 0.962%, the highest since March and up from 0.703% at a similar auction last month.
The yield on Italian 10-year bonds stood at 4.314% following the auction.
Meanwhile, the euro remained lower against the U.S. dollar, with EUR/USD shedding 0.18% to trade at 1.3289.
European stock markets were higher. Italy FTSE MIB Index rose 0.25%, the EURO STOXX 50 added 0.5%, France’s CAC 40 gained 0.4%, Germany’s DAX tacked on 0.2%, while London’s FTSE 100 eased up 0.1%.