Investing.com - aly saw borrowing costs rise to the highest level since December at an auction of three-year government bonds on Wednesday, as concerns over last month's election deadlock remained in focus.
Italy's Treasury sold EUR3.323 billion worth of three-year government bonds at an average yield of 2.48% earlier in the day, the highest since December and up from 2.30% at a similar auction last month.
Rome also sold EUR2 billion worth of 15-year debt at an average yield of 4.90%.
The yield on Italian 10-year bonds stood at 4.676% following the auction.
Meanwhile, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.12% to trade at 1.3018.
European stock markets remained lower. Italy FTSE MIB Index fell 1%, the EURO STOXX 50 declined 0.5%, France's CAC 40 dipped 0.4%, Germany's DAX edged 0.2% lower, while London's FTSE 100 slumped 0.8%.
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