Investing.com - Italy saw borrowing costs fall to the lowest level since October 2010 at an auction of three-year government bonds on Thursday, despite growing uncertainty over the country’s political outlook.
Italy’s Treasury sold EUR3.495 billion worth of three-year government bonds at an average yield of 2.50% earlier in the day, down from 2.64% at a similar auction last month.
Rome also sold EUR729 million of 14-year debt at an average yield of 4.75%, down from 5.32% at a similar auction last month.
The yield on Italian 10-year bonds stood at 4.625% following the auction.
Meanwhile, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.2% to trade at 1.3048.
European stock markets remained mixed. Italy FTSE MIB Index eased up 0.1%, the EURO STOXX 50 fell 0.35%, France’s CAC 40 dipped 0.35%, Germany's DAX slumped 0.7%, while London’s FTSE 100 edged 0.3% lower.
Italy’s Treasury sold EUR3.495 billion worth of three-year government bonds at an average yield of 2.50% earlier in the day, down from 2.64% at a similar auction last month.
Rome also sold EUR729 million of 14-year debt at an average yield of 4.75%, down from 5.32% at a similar auction last month.
The yield on Italian 10-year bonds stood at 4.625% following the auction.
Meanwhile, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.2% to trade at 1.3048.
European stock markets remained mixed. Italy FTSE MIB Index eased up 0.1%, the EURO STOXX 50 fell 0.35%, France’s CAC 40 dipped 0.35%, Germany's DAX slumped 0.7%, while London’s FTSE 100 edged 0.3% lower.