Italy sold 3.44 billion euros of two-year zero-coupon bills with higher yield on political tensions in France and Netherlands. The yield reached 3.36%, above 2.35% at an auction last month.

Also, higher borrowing cost was paid to raise 943 million euros of two off-the-run inflation linked 2017 and 2019 securities. As for the 2019 bills, the yield rose to 4.32% from 3.06% while the 2017 notes recorded a yield of 3.88%.