Alexa
  • Directory of Taiwan

Italy sees lower yields on bonds

Italy sees lower yields on bonds

Italy easily borrowed (EURO)6.75 billion ($9.26 billion) by selling bonds, with lower interest yields reflecting easing of jitters in Europe's debt crisis.
Bids exceeded the amount on offer by 1.4 times for (EURO)3.5 billion in three-year paper, compared with 1.39 times in December. The ratio also improved for 10-year bonds.
Interest rates, meanwhile, dropped to 3.12 percent from 3.25 percent on three-year bonds, and to 4.73 percent on the 10-year bonds.
Unicredit bond analysts said the auction "was in line with previous Italian auctions this week and more broadly with the trend at Italian auctions."
Italy continues to be considered the safest bet among the so-called periphery nations, the eurozone countries with lower growth and high debt.


Updated : 2021-07-28 23:20 GMT+08:00