Investing.com - Italy saw borrowing costs fall to a record low at an auction of two-year government bonds on Wednesday, as hopes for an end to political deadlock in Italy supported sentiment.
Italy’s Treasury sold EUR2.5 billion worth of two-year government bonds at an average yield of 1.167% earlier in the day, a record low and down from 1.746% at a similar auction last month.
The yield on Italian 10-year bonds stood at 3.982% following the auction.
Meanwhile, the euro was little changed against the U.S. dollar, with EUR/USD easing up 0.02% to trade at 1.3005.
European stock markets remained mixed. Italy FTSE MIB Index fell 0.4%, the EURO STOXX 50 added 0.65%, France’s CAC 40 rose 0.6%, Germany's DAX tacked on 0.4%, while London’s FTSE 100 rose 0.25%.
Italy’s Treasury sold EUR2.5 billion worth of two-year government bonds at an average yield of 1.167% earlier in the day, a record low and down from 1.746% at a similar auction last month.
The yield on Italian 10-year bonds stood at 3.982% following the auction.
Meanwhile, the euro was little changed against the U.S. dollar, with EUR/USD easing up 0.02% to trade at 1.3005.
European stock markets remained mixed. Italy FTSE MIB Index fell 0.4%, the EURO STOXX 50 added 0.65%, France’s CAC 40 rose 0.6%, Germany's DAX tacked on 0.4%, while London’s FTSE 100 rose 0.25%.