Italy’s Treasury bill auction yesterday went better than expected, and the yield on the 10-year bond fell from 7.4% on Wednesday to 6.8% on Thursday and 6.5% today. The Italian Treasury sold €5 billion ($6.8 billion) one-year bills yesterday. The average yield on the bills was 6.09%, the highest since September 1997, and almost 3%…
Monthly Archives: November 2011
Italian Bond Yields Skyrocket
Italian Bond Yields Skyrocket Investors began to abandon Italian bonds in droves last week as fears intensified that Italy would be the next Eurozone country to experience a debt crisis. As I wrote last week, Italy has a national debt of €1.9 trillion ($2.6 trillion) compared to Greece’s €355 billion. Italy has the eighth largest…
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