© Scanpix/Reuters
|
On Friday auction Italy sold 8 bn euros
($10.6 bn) in 6-month notes. Italian bonds were sold at a yield of 6.504%, the
highest rate in 14 years. Yield has surged by 3 percentage points since last
auction in October 26. Demand for bonds was 1.47 times bigger than the offer.
During previous 2 debt auctions country was made to pay highest yields since
1997. ECB has been purchasing Italian debt since August to lower borrowing
costs.