Rome

Rate back above 4% at 10-year Italian bond auction

Rise in borrowing costs for 5-year BTPs too

Rate back above 4% at 10-year Italian bond auction

Rome, May 30 - The interest rate on the Italian 10-year BTP bond rose back above the 4% mark at a Treasury auction on Thursday. The average interest rate settled at the auction was 4.14%, up from 3.94% at an equivalent sale last month, when the rate dropped to its lowest level since October 2010. The Treasury sold all three billion euros' worth of the 10-year BTPs it put up for sale. The average interest rate also rose at an auction of five-year BTPs, climbing to 3.01% from 2.84% in April. The Treasury hit its target of selling 2.75 billion euros' worth of five-year bonds.

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