Italian yield drops on prospect of ECB bond buying

Italy’s borrowing costs dropped at an auction of 5-year and 10-year debt on speculation the European Central Bank may buy euro nations’ bonds to stabilise their economies.

30th July, 2012
Italian yield drops on prospect of ECB bond buying
Italy’s 10-year yield was up 6 basis points at 6 per cent at 11:34am in Rome, pushing the difference with German Bunds to 464 basis points.

Italy’s borrowing costs dropped at an auction of 5-year and 10-year debt on speculation the European Central Bank may buy euro nations’ bonds to stabilise their economies.

Italy sold €4.73 billion of 5- and 10-year bonds. The Rome-based Treasury priced the 10-year debt to yield 5.96 per cent, down from 6.19 per cent on June 28th. The Treasury priced its 5-year bond to yield 5.29 per cent, compared with 5.84 per cent last month.

Italy also...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago