Italy snatches auction chance before Russia claims spark sell-off

Italy set new lows in its five year and 10 year yields at an auction on Thursday morning, but the result could have been very different if the sale had come just a few hours later. Shortly after the auction, Ukraine president Petro Poroshenko cancelled a visit to Turkey after claiming that Russia had moved troops into the east of his country, widening spreads between the eurozone core and periphery as investors sought the safest of assets.