The uncertainty forced the country to scrap one debt auction last week and reduce the amount of another.

The Government has failed in three previous weekly debt auctions to raise all the cash that it needs.

With today's $10 billion sale of 30-year bonds, the Treasury's quarterly debt auctions are complete.

The results of the Italian debt auction are now coming out - and borrowing costs have risen again.

We will see what will happen in the next debt auction.

During morning trading, the main focus was Italy's debt auction, where the country sold €4.75bn of government bonds.

France sells €8.5bn of 12, 25 and 52-week bills in debt auction, slightly less than €8.7bn target.

There's also a few debt auctions to look forward to.

Yields on 10-year Spanish bonds dropped 25 basis points to 5.1pc following its successful €6bn debt auction.

There will also be changes in Brazil's system of debt auctions, which have been held monthly.