Italy raised the targeted amount at a debt auction on Wednesday, but borrowing costs continued to rise ahead of a crucial summit of EU leaders that starts tomorrow.
The Italian Treasury sold EUR 9 billion of 6-month bills, in line with the target set for the sale.
The yield on the 6-month paper rose to 2.957 percent from 2.104 percent in the previous auction on May 29. The bid-to-cover ratio, which reflects demand, edged up to 1.62 from 1.61.
Yesterday, the country paid more than what it did a month ago for a zero coupon bond amid rising concerns if it would be the sixth euro nation to seek a bailout after Ireland, Portugal, Greece, Spain and Cyprus.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.