Italy paid more to borrow funds for six months at an auction on Tuesday as investor confidence remained hurt by the concerns over a possible exit of Greece from euro area and the banking sector problems in Spain.
The Italian Treasury raised the targeted amount of EUR 8.5 billion from the sale of its 6-month bills known as BoTs. The auction attracted bid totaling EUR 13.673 billion.
The yield on the 183-day paper shot up to 2.104 percent from 1.772 percent in the previous sale on April 26. The bid-to-cover ratio, which indicates demand, fell to 1.61 from 1.71.
The agency is set to offer EUR 6.25 billion of 5 and 10-year bonds or BTPs. Yesterday, the country raised EUR 3.5 billion from the sale of its new May 2014 zero coupon bonds or CTZs at 4.037 percent yield.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.