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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 [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Scott Boyd

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