Italian borrowing costs rise at debt auction

FXstreet.com (Barcelona) - The Italian Ministero dell’Economia e delle Finanze held a debt auction on Thursday during which it sold a total of 5 billion euros worth of 5- and 10- year bonds, meeting the maximum target of 4-5 billion euros.

5-year bonds were auctioned at an average yield of 3.47%, compared with 3.01% seen at the previous auction. 10-year bonds, were sold at an average yield of 4.55% versus the previous 4.14%.