|
Post by bot on Jan 6, 2012 11:40:15 GMT -5
Italian 10-year yield rises back above 7% from MarketWatch.com - MarketPulse FRANKFURT (MarketWatch) -- Italian and Spanish government bonds were under pressure Friday, pushing up yields as both countries prepared to auction debt next week in a key test of market confidence. The yield on 10-year Italian government bonds rose back above the 7% level to trade at 7.11%, a rise of 16 basis points. Borrowing costs above 7% are widely seen as unsustainable over the long run. Spain's 10-year bond yield rose by around 5 basis points to 5.63%. A basis point is a hundredth of a percentage point.
|
|