Italian yields rise to December-high in latest auction

Date: Monday 28 May 2012

Italy issued two-year bonds on Monday morning and saw borrowing costs rise to a level not seen since December 2011 as a result of fears that Greece may exit the Eurozone and that Spain's banking problems will not be easily patched.

The Italian Treasury issued a total of €3.5bn, the top end of its target.

One month earlier, ahead of the initial Greek elections, Italy auctioned January 2014-maturity bonds and fetched an average yield of 3.36%. Monday's two-year bonds had a financing cost of 4.037%.

Italy also issued €418m euros in 2016-maturing bonds and €333m in 2017-maturing bonds for yields of 4.39% and 4.6%, respectively.

SB

Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange Market.

« Go back to news channel

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE