The one-year rolling yield on a ten-year bond is.

One year ago, Italy could borrow at 4% for ten-year bonds.

Italy paid a record euro-era yield of 7.56pc on its ten-year bonds at auction today as investors continued to question the country's long-term solvency.

Austria has got away its €1.2bn auction of five- and ten-year bonds.

Austria will also issue €1.3bn of ten-year bonds.

The yield on ten-year Italian bonds has jumped, to a high of 6.385% (from a low of 6.185%).

But the Japanese government is still borrowing at just 1% interest rates for its ten-year bonds.

However, tomorrow is a bigger test as Italy sells a batch of ten-year bonds.

Tomorrow's sale of ten-year bonds will test that.

The yield on the ten-year bond is, according to Reuters, up 16 basis points on the day to 6.764.