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Italy's 10-yr debt costs rise to highest since March
May 30, 2013 / 9:23 AM / 4 years ago

Italy's 10-yr debt costs rise to highest since March

MILAN, May 30 (Reuters) - Italy’s 10-year borrowing costs edged up at an auction on Thursday for the first time in three months amid investors’ concerns the Fed may soon begin unwinding its ultra-loose monetary policy program.

Rome sold 3 billion euros of 10-year bonds at 4.14 percent, its highest level since March. At a similar sale a month ago, it had paid 3.94 percent, the lowest since October 2010.

The treasury also placed 2.75 billion euros of 5-year bonds at 3.01, up from 2.84 percent one month ago.

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