Italy's borrowing costs may surge again over 7%

Note: This section contains information in English only.
Source: Bloomberg

In today's auction Italy's yields are again expected to surpass critical level of 7%. Treasury in Rome is planning to offer 3-year notes worth 3.5 bn euros, 10-year bonds worth 2.5bn euros and bonds maturing 2020 worth 2 bn euros.  Italy was forced to borrow above 7 % in auctions yesterday and on November 25.  Chiara Cremonesi, a strategist at Unicredit predicts 10-year notes may again hit the 7% rate.

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