Tue, 15 Nov 2011 13:42:10 GMT
Italian borrowing costs return above 7%
On Tuesday Italian 10-year domestic bonds
dropped sharply, pushing yields above 7% level. According to FactSet Research, the
yield hit 7.01% or 43 basis points up compared to Monday. Borrowing rate of 7% is
perceived as psychologically important as it indicated the point, where Greece
and Portugal were locked out of money markets. Italy's 10-year borrowing cost
surged above 7% also last week on political