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Spainaly Under Pressure
Date: 2012-04-13T20:08:55.803
Author: Matt Apuzzo
Editor note: Sorry for the lateness of this post, one of those days I’m afraid.
Italian borrowing costs were seen rising overnight as the country moved into a second day of auctions of bonds and bills.
Of note €2.884 billion in three-year debt at a yield of 3.89% were sold. The last auction of few weeks ago came in at 2.76% so there has been a 1.1% jump in under a month. The bid to cover was also down to 1.44 from 1.56. On Wednesday Italy’s one-year borrowing costs doubled. Treasury raised €4.88 b
Teaser:
Sorry for the lateness of this post, one of those days I’m afraid.
Italian borrowing costs were seen rising overnight as the country moved into a second day of auctions of bonds and bills.
Of note €2.884 billion in three-year debt at a yield of 3.89% were sold. The last auction of few weeks ago came in at 2.76% so there has been a 1.1% jump in under a month. The bid to cover was also down to 1.44 from 1.56. On Wednesday Italy’s one-ye
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View original artilce: http://www.nakedcapitalism.com/2012/04/spainaly-under-pressure.html
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