Borrowing costs soared at Italian debt auction

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Source: Forexpros
Italy faced soaring borrowing costs at today's 12-month auction as worries that the country will need bailout lingered. Italian Treasury sold targeted amount of 12-month sovereign bonds worth 6.5 billion Euros generating the yield of 3.972%, the highest mark since December 2011. Meanwhile, the yield on 10-year government's bonds inched down from 6.22% to 6.10% after the auction.


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Wed, 13 Jun 2012 14:09:42 GMT

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