Investing.com - Italy saw borrowing costs fall to the lowest levels on record at an auction of five-and-ten-year government bonds on Thursday, as investors continued to gauge the health of the euro zone’s third-largest economy.
Italy’s Treasury sold EUR3 billion worth of ten-year debt at an average yield of 3.81%, down from 4.11% at a similar auction last month. The yield on Italian 10-year bonds stood at 3.858% following the auction.
Rome also sold EUR2.5 billion of five-year debt at an average yield of 2.43%, compared to a yield of 2.71% in December.
The euro held on to losses against the U.S. dollar, with EUR/USD falling 0.47% to trade at 1.3600.
Meanwhile, European stock markets remained mixed. Italy FTSE MIB Index rose 0.45%, the EURO STOXX 50 dipped 0.2%, France’s CAC 40 shed 0.15%, Germany''s DAX slumped 0.2%, while London’s FTSE 100 inched down 0.25%.