• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

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

 
 
 

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

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

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

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...