Investing.com - Italy saw borrowing costs edge higher at an auction of five- and ten-year government bonds Thursday, amid ongoing concerns over the country’s economic outlook.
Italy’s Treasury sold EUR2.5 billion worth of ten-year debt at an average yield of 4.55%, up from 4.14% at a similar auction last month.
Rome also sold EUR2.5 billion of five-year government bonds at an average yield of 3.47%, up from 3.01% at a similar auction last month.
In total the country sold EUR5 billion of government debt, in line with expectations.
The yield on Italian 10-year bonds stood at 4.606% following the auction.
Meanwhile, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.14% to trade at 1.3029.
European stock markets remained mixed. Italy FTSE MIB Index eased down 0.1%, the EURO STOXX 50 fell 0.2%, France’s CAC 40 dipped 0.1%, Germany's DAX was flat, while London’s FTSE 100 added 0.4%.
Italy’s Treasury sold EUR2.5 billion worth of ten-year debt at an average yield of 4.55%, up from 4.14% at a similar auction last month.
Rome also sold EUR2.5 billion of five-year government bonds at an average yield of 3.47%, up from 3.01% at a similar auction last month.
In total the country sold EUR5 billion of government debt, in line with expectations.
The yield on Italian 10-year bonds stood at 4.606% following the auction.
Meanwhile, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.14% to trade at 1.3029.
European stock markets remained mixed. Italy FTSE MIB Index eased down 0.1%, the EURO STOXX 50 fell 0.2%, France’s CAC 40 dipped 0.1%, Germany's DAX was flat, while London’s FTSE 100 added 0.4%.