Italy paid slightly higher interest rates to sell €7 billion in 12-month bonds today.
The Italian Treasury said today that it paid 0.96% for the bonds, up from a record low of 0.73% at the last such auction in May. Demand was 1.49 times the amount on offer.
The Italian government's borrowing costs have remained stable in recent months despite a high level of public debt.
This is thanks largely to European Central Bank policies to stabilise the battered euro, which have assuaged investors.
