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The Italian 10-year yield — rising to 6.352 percent on Thursday before falling back to 6.167 percent — remains uncomfortably high, and could move higher again, analysts said.
The Treasury's 10 year note fell 9/32 to 99 1/32, with the yield rising to 1.73 from 1.70 on Wednesday.
Hungary sold only 35 billion forints ($140 million) of the 45 billion forints in one-year Treasury bills it offered Thursday, with the average yield rising sharply to 9.96 percent.
The price of the 10-year Treasury note fell 2/32, to 98 26/32, on Tuesday, with its yield rising to 2.64 percent from 2.63 percent late Monday.
Yet market skittishness remained in evidence, as the Hungarian government sold only 35 billion forint, or $141 million, of the 45 billion forint in one-year Treasury bills offered Thursday, with the average yield rising to 9.96 percent — up sharply from the 7.91 percent it paid last month, according to Bloomberg News.
The 30-year Treasury was down 7/32 around midday with the yield rising to 6.05% from 6.03%.
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