Italian five-year bills declined on
Wednesday as country was going to sell notes with a total value of around 3bn euros.
Borrowing costs on Italian bonds surged 11 b.p. reaching 6.9% in London morning
trade. 10-year yields climbed 9 b.p. to 6.77%, while yields for 2-year bills
ascended 25 b.p. at 5.91%.