MILAN, April 27 (Reuters) - Italy's cost of funding rose
at an auction on Thursday as markets brace for a further
interest rate hike from the European Central Bank next week.
The Treasury allotted the top planned amount of 9 billion
euros ($10 billion) of new 10-year and 5-year BTP bonds, along
with a 7-year floating rate CCTeu note.
Rome sold 5 billion euros of the new BTP bond maturing Nov.
1, 2033, with a 4.42% gross yield - the highest since September
- versus 4.12% last month when it sold a note due on May 1,
2033.
It placed 2.5 billion euros of a 5-year BTP maturing April
1, 2028, at a 3.77% gross yield - a 2-month high - compared with
3.59% in March.
It also sold 1.5 billion euros in a CCTeu bond maturing Oct.
15, 2028, with a 4.45% yield.
($1 = 0.9046 euros)
(Reporting by Sara Rossi
Editing by Mark Potter)
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