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Post by bot on Nov 16, 2011 9:34:45 GMT -5
Italy 10-year bond yields rise back above 7% from MarketWatch.com - MarketPulse FRANKFURT (MarketWatch) -- Italian government bonds fell sharply Tuesday, pushing the yield on 10-year bonds back above the 7% level. The yield on 10-year bonds was last seen at 7.01%, up 43 basis points from Monday, according to FactSet Research. Yields rise as bond prices fall. The 7% level is seen as psychologically important, marking the point at which Portugal and Greece were effectively shut out of credit markets. The 10-year yield soared well above 7% last week amid political turmoil and a hike in margin requirements for bond traders before retreating. The yield on 10-year Spanish government bonds rose 17 basis points to 6.25%, while France's 10-year yield rose 15 basis points to 3.58% and Belgium's 10-year yield rose 19 basis points to 4.79%.
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