Italy's 10-yr yields tick up to 3-month high at auction
MILAN, Sept 27 (Reuters) - Italy paid the highest yield since June on Friday to borrow over 10-years as the renewed threat of a government crisis kept its borrowing costs under pressure.
The Treasury sold its March 2024 benchmark at an average 4.50 percent yield, up from 4.46 percent at the previous auction a month ago. Friday's sale was covered 1.4 times, compared with 1.5 times at the end of August.
The Treasury raised the top planned amount of 6.0 billion euros at the sale.
It sold a five-year Dec. 2018 bond at an average 3.38 percent yield, unchanged from a similar auction at the end of August. Bids totalled 1.4 times the amount sold, compared with 1.2 times previously.
(Reporting by Valentina Za, editing by Lisa Jucca)