Italian bonds fell, pushing two-year yields to a euro-era record, as a surge in borrowing costs at a bill sale highlighted concern European leaders are failing in their efforts to resolve the debt crisis.
Italian securities dropped for a fifth day as the nation sold 8 billion euros ($10.6 billion) of six-month bills at a rate of 6.504 percent, up from 3.535 percent last month. The Treasury also auctioned 2 billion euros of zero-coupon bonds at 7.814 percent.
From: Euronews | Nov 25, 2011
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