Italian bond yield surpasses Irish equivalent

Italian nine-year bonds fell, pushing the yield above that on similar-maturity Irish debt.

24th July, 2012

Italian nine-year bonds fell, pushing the yield above that on similar-maturity Irish debt.

Italy’s nine-year yield climbed 19 basis points to 6.35 per cent at 1:13pm Dublin time, 1.6 basis points higher than the rate on equivalent Irish bonds.

The yield premium investors demanded to hold the Irish bonds reached as much as 993 basis points in July 2011, according to generic yield data compiled by Bloomberg.

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