Investing.com - Italy saw borrowing costs edge lower at an auction of three-year government bonds on Thursday, as investors continue to seek out higher yielding assets.
Italy’s Treasury sold EUR4 billion worth of three-year government bonds at an average yield of 2.29% earlier in the day, down from 2.48% at a similar auction last month.
Rome also sold EUR1.66 billion worth of 15-year debt at an average yield of 4.68%.
The yield on Italian 10-year bonds stood at 4.313% following the auction.
Meanwhile, the euro held on to modest gains against the U.S. dollar, with EUR/USD easing up 0.07% to trade at 1.3080.
European stock markets remained higher. Italy FTSE MIB Index rose 0.8%, the EURO STOXX 50 added 0.4%, France’s CAC 40 advanced 0.6%, Germany's DAX edged 0.5% higher, while London’s FTSE 100 tacked on 0.3%.
Italy’s Treasury sold EUR4 billion worth of three-year government bonds at an average yield of 2.29% earlier in the day, down from 2.48% at a similar auction last month.
Rome also sold EUR1.66 billion worth of 15-year debt at an average yield of 4.68%.
The yield on Italian 10-year bonds stood at 4.313% following the auction.
Meanwhile, the euro held on to modest gains against the U.S. dollar, with EUR/USD easing up 0.07% to trade at 1.3080.
European stock markets remained higher. Italy FTSE MIB Index rose 0.8%, the EURO STOXX 50 added 0.4%, France’s CAC 40 advanced 0.6%, Germany's DAX edged 0.5% higher, while London’s FTSE 100 tacked on 0.3%.