Borrowing costs fall on Italy's debt auction

On Thursday, Italy witnessed a decrease in its borrowing costs, as its Treasury was selling 5 and 10-year government debt. Italy's Treasury managed to sell 5-year government bonds worth EUR2.71 billion, having a 4.09% average yield, compared to a 4.73% yield in August. The average yield for 10-year bonds worth EUR2.97 billion was 5.24%, down from a previous month's figure of 5.82%.