We have updated our privacy policy and terms & conditions. Find out more here.

Bond yields rise to 4-month high as Italy sells 6-month debt

Economic IndicatorsFeb 26, 2013 10:13AM GMT Add a Comment
Share with a Friend
Thanks for sharing
Emails have been sent to:
To send more emails click here
Investing.com - Italy saw borrowing costs rose to the highest level since October at an auction of six-month government bonds on Tuesday, amid concerns that Italian election results could threaten economic reforms and reignite financial instability in the euro zone.

Italy’s Treasury sold EUR8.75 billion worth of six-month government bonds at an average yield of 1.237% earlier in the day, up from 0.731% at a similar auction last month.

Demand was steady, with bids exceeding supply 1.44 times versus a "bid-to-cover" ratio of 1.64 in January.

The yield on Italian 10-year bonds stood at 4.77% following the auction.

Meanwhile, the euro remained higher against the U.S. dollar, with EUR/USD adding 0.34% to trade at 1.3108.

European stock markets held on to sharp losses. Italy FTSE MIB Index plunged 4.2%, the EURO STOXX 50 dropped 2.3%, France’s CAC 40 declined 2%, Germany's DAX tumbled 1.8%, while London’s FTSE 100 fell 1.2%.

Bond yields rise to 4-month high as Italy sells 6-month debt

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Are you sure you want to delete this chart?
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?

Successfully Reported

Thank you. This comment has been flagged for a moderator.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.