Investing.com - Italy saw borrowing costs hold steady at an auction of five- and ten-year government bonds on Thursday.
Italy’s Treasury sold EUR3.5 billion worth of ten-year debt at an average yield of 4.46%, unchanged from a similar auction last month.
Rome also sold EUR2.5 billion of five-year government bonds at an average yield of 3.38%, up slightly from 3.22% at a similar auction last month.
In total the country sold EUR6 billion of government debt, in line with expectations.
The yield on Italian 10-year bonds stood at 4.371% following the auction.
Meanwhile, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.57% to trade at 1.3262.
European stock markets remained higher Italy FTSE MIB Index rose 0.9%, the EURO STOXX 50 added 0.4%, France’s CAC 40 inched up 0.4%, Germany's DAX advanced 0.4%, while London’s FTSE 100 jumped 0.7%.
Italy’s Treasury sold EUR3.5 billion worth of ten-year debt at an average yield of 4.46%, unchanged from a similar auction last month.
Rome also sold EUR2.5 billion of five-year government bonds at an average yield of 3.38%, up slightly from 3.22% at a similar auction last month.
In total the country sold EUR6 billion of government debt, in line with expectations.
The yield on Italian 10-year bonds stood at 4.371% following the auction.
Meanwhile, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.57% to trade at 1.3262.
European stock markets remained higher Italy FTSE MIB Index rose 0.9%, the EURO STOXX 50 added 0.4%, France’s CAC 40 inched up 0.4%, Germany's DAX advanced 0.4%, while London’s FTSE 100 jumped 0.7%.