Italy's borrowing costs declined at a debt auction on Friday as demand for the nation's short-term debt increased.
The Italian Treasury raised a total EUR 10 billion from the sale of its bills or BOTs, in line with the target set for the sale. The auction attracted bids totaling EUR 19.986 billion.
The agency sold the targeted EUR 7 billion of 12-month bills at an average yield of 2.340 percent, which was less than the 2.840 percent paid in the previous auction on April 11. The bid-to-cover ratio, which reflects demand, rose to 1.79 from 1.52.
The sale of 3-month BOTs raised EUR 3 billion, in line with target. The yield on the 3-month paper fell to 0.865 percent from 1.249 percent in April. Demand was 2.49 times the offer, up from 1.81 in the previous auction.
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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.