Italy sells debt before EU summit at higher interest…

Thursday, 28 June 2012 05:59

Italy managed to sell five-and ten-year bonds for the total of 5.4 billion with pretty high borrowing costs, just before EU summit devoted to the debt crisis situation in euro zone.
In case of 10-year bonds were 6.19% (on May 30 at the same auction-6.03%). As for 5-year bonds 5.84%( on May 30- 5.66%)
For the cooperation’s sake German interest rate 10-year bonds is just 1.5%.