Italy Forced to Offer Premium to Sell Bonds

Italy managed to sell nearly 3 billion euros worth of government bonds but was forced to offer a hefty premium to convince investors to accept the increased risk associated with the country’s sovereign debt. 15-year bonds were offered at a 5.9 percent return – an all-time high for Italian bonds of this duration.

Five-year bonds were also released, with a yield of 4.9%, the highest return since June 2008.

Source: BBC News

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