Italy's borrowing costs increased on Monday as fears over Greece exiting the euro currency weighed on investors' sentiment.
The treasury raised EUR 3.5 billion from new May 2014 zero-coupon bonds or CTZ, matching the maximum target set for the auction.
However, the gross yield rose to 4.037 percent. Earlier in April, average yield on a similar 2-year bond was 3.36 percent.
Today, the treasury also sold EUR 332.5 million BTP maturing on 2017 and EUR 417.5 million 5-year 2016 BTP.
Business confidence fell more than expected to its lowest level since August 2009, data published by the statistical office Istat showed Monday. The business sentiment index dropped to 86.2 in May from 89.1 in April.
by RTT Staff Writer
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