Italy’s borrowing rates jumped in a short-term bond auction on Tuesday after a shock election result that leaves parliament in gridlock.
The rate for the sale of six-month paper that raised 8.75 billion euros ($11.46 billion) shot up to 1.237 percent compared to 0.731 percent for the last similar auction in January.
– Dow Jones Newswires contributed to this report –
Italian rates jump in bond auction after elections
