Italy's 1-yr borrowing costs hit 4-month high at auction
MILAN, July 10
MILAN, July 10 (Reuters) - Italy's one-year debt costs hit their highest level in four months at an auction on Wednesday, after Standard & Poor's cut Italy's sovereign rating to one notch above junk.
One-year borrowing costs rose to 1.078 percent on Wednesday, reaching their highest level since March 2013.
The treasury paid 0.962 percent at a similar bill sale just one month ago.