Italy raised 5 billion euros from a new issue of bonds on Thursday, but had to pay an interest rate of 6.087% to borrow the money for one year. It is their highest rate for 14 years.
The interest rate on the one-year Italian bonds was 3.57% in October.
Yields on Italian 10-year bonds rose above 7% on Wednesday, to the highest rate seen since the eurozone began.
On Thursday, the yield on 10-year bonds fell to 6.91%.
The BBC reports 7% is the level at which other Eurozone countries asked for bailouts.
Analyst Stephen Evenett says the real test will be next year when Italy needs to refinance hundreds of billions to stay afloat.
The professor of international trade and economic development at the University of St Gallens says it's some comfort that Italy can still access bond markets.
But Dr Evenett says Italy, whose debt mountain stands at 2 trillion euros, needs to roll-over 300 - 400 billion euros next year.
