LONDON Feb 27 Italian debt prices and European
stocks briefly rose on Wednesday after Italy sold the maximum
amount of bonds it planned to offer in a debt auction though
borrowing costs soared.
German Bund futures initially fell before recouping
losses while the euro slipped as traders parsed details of the
auction which was the first test of investor demand for the
country's debt after inconclusive weekend elections spooked
Italian 10-year yields fell 7 basis points to
4.83 percent while the Bund future was last 25
ticks up on the day at 145.15 after the sale.
The euro fell to $1.3098 from a session high of
$1.3123 hit just before the results to the Italian bond auction