Italy pays more to borrow after election turmoil  Wednesday 27
February 2013 18.11 Italy seels 10-year bonds at a yield of
4.83%, up from 4.17% last month  Italy saw its borrowing costs
jump in a pair of bond auctions after an inconclusive election
that has raised fears Europe's government debt crisis will flare
up again.  The country sold €4 billion in 10-year bonds at a
yield of 4.83%, way up from 4.17% last month.  The yield on
five-year bonds rose to 3.59% from 2.94%, as €2.5 billion was
auctioned.  Bond interest costs are a key measure of Europe's
effort to keep its debt problems in check.  Higher rates mean
more skepticism about an indebted country's ability to pay.
Italian election results earlier this week fueled concerns in
the markets about the course a future government might follow.
The centre-left alliance led by Pier Luigi Bersani narrowly won
the lower house, but failed to gain control of the upper house.
It is not clear what kind of coalition can be formed to give the
country a government t