Italy Borrowing Costs Down By Half

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

The Bank of Italy paid about half the interest rate on six month notes that it did just last month-a sign that concerns about sovereign debt in the region have ebbed.

The average yield on its 9 billion euros ($11.8 billion) six-month bill offering was 3.25%, down from the 6.50% rate it had to pay at an equivalent auction last month.

Contact [email protected] for any questions or corrections.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

MRNA Vol: 39,505,121
SMCI Vol: 35,428,177
CDW
CDW Vol: 990,631
AMD
AMD Vol: 14,341,049
COIN Vol: 7,371,997

Top Losing Stocks

CTRA Vol: 73,319,495
ALB Vol: 1,327,271
TGT Vol: 4,336,056
LULU Vol: 2,500,113
DECK Vol: 2,084,976