Loading...
See More

Italy pays record yield at bond sale

Nov 14 2011 12:53 Reuters

Related Articles

New era as Italy votes for economic reforms

Italy eyes unity cabinet as EU dithers

Italian turmoil knocks Wall St

Italy hits breaking point, sparks panic

Italy's reform vote buoys euro, stocks

 
Milan - Italy paid a record 6.29% yield to sell five-year bonds on Monday in the first auction held after former European Union commissioner Mario Monti was asked to head an emergency government charged with tackling the debt crisis.

Italy, which last week saw bond yields soar past the 7% level that has triggered international bailouts of Ireland and Portugal, raised the maximum targeted amount of €3bn at the sale.

Despite an easing in market pressures on Italian government bonds, the auction yield marked a new euro lifetime record - up from 5.32% at a month-ago auction.

On the secondary market, the yield on the September 2016 BTP stood just above 6.40% on Monday.

At the worst of last week's market turmoil it had peaked at about 7.8%.
bonds  |  italy
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...