Investing.com - aly saw borrowing costs fall to the lowest level since January 2010 at an auction of 12-month government bonds on Thursday, as investors looked ahead to the European Central Bank's policy meeting later in the day.
Italy's Treasury sold the full-targeted amount of EUR8.5 billion worth of 12-month government bonds at an average yield of 0.864%, the lowest since January 2010 and down from 1.456% at a similar auction last month.
Demand was steady, with bids exceeding supply 1.79 times versus a "bid-to-cover" ratio of 1.94 in November.
The yield on Italian 10-year bonds stood at 4.19% following the auction.
Meanwhile, the euro remained higher against the U.S. dollar, with EUR/USD adding 0.22% to trade at 1.3095.
European stock markets were also higher. Italy FTSE MIB Index rose 0.75%, the EURO STOXX 50 eased up 0.3%, France's CAC 40 was little changed, Germany's DAX advanced 0.3%, while London's FTSE 100 tacked on 0.2%.
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