Monday July 6, 2020

Italy's borrowing costs rise on political turmoil

UPDATE: Italy’s borrowing costs rose to the highest in almost four months one day after elections that produced a hung parliament, creating the risk of another vote this year.

26th February, 2013
Silvio Berlusconi has hinted at a willingness to negotiate an alliance with the center-left coalition.

Italy’s borrowing costs rose to the highest in almost four months one day after elections that produced a hung parliament, creating the risk of another vote this year.

The Rome-based Treasury auctioned €8.75 billion of six-month bills today at 1.237 per cent, the highest since October 29th and up from 0.731 per cent at an auction of similar maturity debt Jan. 29.

* **Italy's political troubles are impacting European markets. Details here**

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