Italian bond yields hit highest level in nearly three years at Tuesday’s auction
Italy’s Treasury sold €8 billion across three bonds, with 5-year BTP yield at 4.08% and 10-year BTP gross yield at 4.58%, both highest since October 2023, as soaring energy prices lifted expectations for further global rate increases.
MILAN, Sept 29 (Reuters) — Italian borrowing costs hit the highest level since October 2023 at an auction on Tuesday, as soaring energy prices fuelled expectations of further increases in global interest rates. 07 billion) in three bonds. 44% at the previous auction late in August on a June 2031 note. 10% last month.
5 billion of a 10-year floating-rate CCTeu bond. com)