Italy’s Summer Debt Sale Signals Assault on Bond Market – Yahoo! Voice
(Bloomberg Opinion) – Italy on Thursday sold 1.25 billion euros ($ 1.5 billion) of 30-year debt – offering a yield of around 1.91% – as well as three-way bonds and seven years. This is the first time in ten years that a sale like this has taken place during the dog season in mid-August. Rome’s desire to beat the crowds suggests that a supply attack is headed for European sovereign issuers.
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