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Italy's debt costs fall

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Italy's debt costs fall

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Italy’s two-year borrowing costs fell nearly two percentage points at an auction of debt on Tuesday.

Rome sold all it wanted to – three billion euros’ worth.

There is a much bigger test on Thursday when five and 10 year Italian government bonds will be on the block.

Foreign investors remain cautious on Italian debt as they await details on how the European Central Bank will help lower borrowing costs.