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Italy's short-term borrowing costs rise

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Italy's short-term borrowing costs rise

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Italy’s short-term borrowing costs rose to their highest in more than three years at an auction on Wednesday.

Proof of investors focus on the crucial Brussels summit.

Italy sold 8.5 billion euros of six-month bonds and 2 billion euros of 24 month, zero-coupon bonds.

The auction yield on the six month bonds rose by nearly half a percentage point from a month ago to just over 3.5 per cent.