Italian Debt Yields Continue to Fall
Italy sold €5 billion in new 3-year bonds this morning at a yield of 2.76%, down dramatically from a 3.41% yield on a sale of similar bonds last month. The government also sold €1 billion in 7-year bonds at a…
Italy sold €5 billion in new 3-year bonds this morning at a yield of 2.76%, down dramatically from a 3.41% yield on a sale of similar bonds last month. The government also sold €1 billion in 7-year bonds at a yield of 4.3%.
Since late November, yields on Italy’s benchmark 10-year bonds have fallen from a high of 7.26% to 4.84%. There is some hope that the yields on Italian bonds will close to within 100 basis points of German 10-year bonds by the end of this year. The 10-year German bond yield today is 1.9%.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.