Italian Bond Yields Expect To Hit Record
In another sign the the eurozone crisis has not ended short term and that measures to help bring down debt costs for weak regional nations, Italian bond yields are expect to go above 6% when the nation offers five year…
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In another sign the the eurozone crisis has not ended short term and that measures to help bring down debt costs for weak regional nations, Italian bond yields are expect to go above 6% when the nation offers five year paper. If that happens, whatever confidence the global capital markets have in new plans to stop contagion and sovereign paper yield which is spiraling higher, could be lost
According to Reuters
Saddled with a debt equivalent to 120 percent of gross domestic product, Italy has seen its funding costs spiral towards unsustainable levels since taking centre stage in the debt crisis in early July.
And
Italy paid 6.3 percent in November to sell five-year bonds, its highest cost of borrowing since the single currency’s adoption in 1999.
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