Italy bond confrontation threats Euro

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Source: Bloomberg
© Scanpix/Reuters
On Wednesday investors drove Italian 10-year borrowing rate nearby euro-era record above 7% as Berlusconi's promise to quit did not persuade them that Italy will be able to cut its debt burden. Italy's debt worth $2.6 trillion beats of that of Spain, Greece Ireland and Portugal combined.  However, unlike those countries, Italy is the 8th major economy possessing 3rd biggest bond market.

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Thu, 10 Nov 2011 07:42:11 GMT

Italy on edge as 10 year yields breaks 7%

On Wednesday the investors discarded Italian national bonds threating Italy to be locked out of money markets and rising concerns on euro survival as European leaders are still unprepared to tackle debt turmoil. 10-year bond rate spiked to 7.40% and currently is trading at around 7.27% So far 7% yield was seen as critical point for Ireland Portugal and Greece pushing them to ask aid

Thu, 10 Nov 2011 13:17:52 GMT

British Pound to reach a monthly record high against Euro

The Pound is about to reach one-month record high against Eurozone currency. The appreciation of Pound takes place ahead of Berlusconi's budget vote and suggest British assets to be safe investment. On Nov 1 EUR/GBP reached 0.8548, the highest since Oct 4. Today the Sterling traded 0.8574 pounds per euro at 9.06 a.m London trading session.

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