Rome paid a sharply lower yield of 5.62% for borrowings that come due in 2014, compared with 7.89% at the previous auction on Nov. 29. But the yield investors demanded for 10-year bonds was 6.98%—barely down from the euro-era highs of recent months and nearly touching the 7% threshold that economists consider financially unsustainable. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Thursday, December 29, 2011
cost of funding Italy long-term debt remained stubbornly high
Rome paid a sharply lower yield of 5.62% for borrowings that come due in 2014, compared with 7.89% at the previous auction on Nov. 29. But the yield investors demanded for 10-year bonds was 6.98%—barely down from the euro-era highs of recent months and nearly touching the 7% threshold that economists consider financially unsustainable. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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