Italian bonds rise as Monti announces austerity plan

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

Italy's government bonds appreciated after PM Mario Monti declared €30bn growth and austerity measures to decrease nation's debt burden. Borrowing costs of 10-year notes dropped 29 basis points or 0.29% reaching 6.4%, the lowest yield in nearly two months. Analysts claim markets are speculating on positive outcome of the upcoming EU summit on December 9.

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Mon, 05 Dec 2011 11:15:33 GMT

US bonds fall as Italy proposes austerity measures

On Monday US Treasuries declined as Italy's proposed austerity measures to reduce government debt hurt demand for US assets. 10-year borrowing costs climbed 3 basis points reaching 2.07% Roger Bridges, Tyndall Investment Management Ltd manager of fixed income predicts that US yields will increase further as investors regain confidence towards Europe. 

Mon, 05 Dec 2011 14:00:06 GMT

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