Italy’s borrowing rates up in bond auctions

Italy was forced to pay higher interest rates to entice investors to buy a little under (euro) 5 billion worth of its 5- and 10-year bonds.

By (AP)

Published: Fri 27 Apr 2012, 4:36 PM

Last updated: Tue 7 Apr 2015, 12:16 PM

Investors demanded yields of 5.84 percent for the 10 year-bonds, up from 5.24 percent last month.

On the 5-year bonds, Italy paid 4.86 percent, up from 4.18 percent before.

The Treasury raised (euro) 4.9 billion on Friday, with the demand for both bonds below last month’s.

Jitters over Europe’s debt crisis have resurfaced over recent weeks as France goes to the polls, Spain struggles with its debts and Italy acknowledged that it won’t balance its budget until 2015, instead of 2013 as pledged.

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