Borrowing costs eased following auctions for Italian bills and Spanish bonds.
NEW YORK (CNNMoney) -- Things are looking up in Europe, at least for now, as borrowing costs in Italy and Spain eased Thursday following strong debt auctions.
Spain's auction of nearly €10 billion worth of bonds in three different maturities met with strong demand, as did Italy's €8.5 billion of 12-month bills.
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