Italy paid the highest cost in eight months to borrow funds for two years at an auction on Thursday as investors remain worried about the prospects of the economy along with those of Spain.
The Italian Treasury raised EUR 2.5 billion from the sale of its zero coupon bond or CTZ due May 2014 against a target of EUR 1.5 billion - EUR 2.5 billion. The auction attracted bids totaling EUR 4.442 billion.
The yield rose to 4.860 percent, the highest since November, from 4.712 percent in the previous sale on June 26. The bid-to-cover ratio, which mirrors demand, rose to 1.78 from 1.65.
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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.