Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Bond yields fall to record low as Italy sells 10-year debt

Published 04/29/2014, 05:39 AM
Updated 04/29/2014, 05:39 AM
Italy sells 10-year debt at record-low yield

Italy sells 10-year debt at record-low yield

Investing.com - Italy saw borrowing costs fall to the lowest levels on record at an auction of ten-year government bonds on Tuesday, as investors continued to gauge the health of the euro zone’s third-largest economy.

Italy’s Treasury sold €3 billion worth of ten-year debt at an average yield of 3.22%, down from 3.29% at a similar auction last month.

The yield on Italy's 10-Year bond stood at 3.178% following the auction, the lowest since January 2006.

Rome also sold €3.5 billion of five-year debt at an average yield of 1.84%, compared to a yield of 1.88% in March.

Following the auction, the euro held on to gains against the U.S. dollar, with EUR/USD rising 0.13% to trade at 1.3868.

Meanwhile, European stock markets remained higher. Italy FTSE MIB advanced 1.2%, the Euro Stoxx 50 rose 0.55%, France’s CAC 40 inched up 0.1%, Germany's DAX climbed 0.65%, while London’s FTSE 100 tacked on 0.5%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.