Italy Borrowing Costs Rise to Highest Since March at Sale

Italian borrowing costs rose at auction on signs that central banks will refrain from adding more stimulus to bolster global growth.

Italy sold 3.4 billion euros ($4.5 billion) of 2.25 percent 2016 bonds at 2.38 percent, the highest since a sale of comparable maturity bonds on March 13 and up from 1.92 percent at the last auction May 13. Investors bid 1.34 times the amount of the three-year bond offered, the same as last month.